XRP Bulls Eye $2 as Whale Accumulation Reaches Record Levels

XRP has seen significant price action over the past few days, gaining 3.13% in 24 hours and 4.10% in seven days.

The token's trading volume stands at $3.41 billion, with a current price of $1.43 on Coingecko market data.

Analyst Ali Charts has identified an inverse head-and-shoulders pattern on the daily chart, which could potentially lead to a 35% rally towards $2 if the setup continues to develop.

The pattern is currently incomplete, but a confirmed breakout above the neckline near $1.55 would validate it and increase the likelihood of a price surge.

Large holders have also accumulated approximately 1.54 billion XRP over the past 96 hours, worth around $2.2 billion, which could soon translate into price action and a bullish breakout.