Whales' $380M XRP Buyout Sparks Short Squeeze Speculation

XRP has been holding above $1 for its longest stretch of 632 straight days, and recent whale accumulation data suggests that the market may be undervaluing the asset.

The whales have accumulated 380 million XRP in recent times, with buying concentrated around the key $1 psychological level. This trend is further supported by the technicals, as XRP's RSI is sitting at a neutral 50 level while other major assets like Bitcoin and Ethereum are already looking overbought.

Liquidity on XRPL has also been building up, with total stablecoin market cap jumping more than 12% in the last 24 hours. This influx of capital could become an important catalyst for XRP as the broader market rotates back into risk.

The rising liquidity and whale accumulation data are creating a perfect storm that could lead to a short squeeze towards $1.15, according to some analysts. However, it's essential to note that this is still just speculation, and there's no guarantee of an upward move in the asset's price.