XRP Price Surges as Whale Activity Reaches New Heights

XRP's price has seen a significant surge in recent days, thanks to increased buying activity from whales. According to Santiment Intelligence, transactions of at least one million dollars have skyrocketed by 280% since the previous day, indicating a potential shift from bearish to bullish sentiment.

The Tom DeMark Sequential on the monthly charts has also printed a 'buy' signal, further supporting this notion. Big-time crypto investors, or whales, have cumulatively acquired 380 million tokens in the same period, which could lead to bigger opportunities for bulls if XRP breaks past $1.10.

However, a close below $1 could send XRP's price plummeting to retest the major demand floor at $0.50-$0.60. The True Strength Index (TSI) measures bullish versus bearish impulses and currently suggests that there is still more selling going on than buying.