XRP Surges 40% as Regulatory Optimism and Whale Accumulation Drive Momentum
XRP has surged to $1.40, posting a 40% gain in just five days. The token's price increase comes as regulatory optimism and aggressive whale accumulation drive momentum.
The rally is fueled by President Trump's public endorsement of the Clarity Act, which could pave the way for XRP ETFs in the US.
Large investors have been aggressively buying up XRP, with addresses holding 1-10 million tokens increasing their holdings by approximately $400 million in the week leading up to the rally.
The immediate technical structure is bullish but extended, with resistance near the recent high of $1.42 and support at the 50% Fibonacci retracement level at $1.29.