XRP Whale Activity Surges 280% as Price Remains Stuck

XRP is seeing a surge in whale activity, but its price remains stagnant at around $1. Analyst Ali Martinez notes that transactions worth over $1 million have increased by 280% to more than 38 transactions in the past 24 hours.

Despite the rise in large-holder activity, Martinez remains cautious about XRP's technical structure. He sees potential for downside extending towards $0.70, but also notes that a break above $1.06 could unlock significantly more upside.

The analyst highlights the 'huge resistance' that XRP needs to clear before the outlook turns decisively bullish. XRP is currently trading 73% below its all-time high, and Martinez emphasizes the importance of clearing this major hurdle.