XRP Whale Activity Surges but $1 Resistance Holds Firm

XRP has seen a surge in whale activity, with transactions worth more than $1 million increasing by 280% over the past 24 hours.

This significant rise in large-holder interest is being closely watched by analysts, but despite the uptick, crypto chart analyst Ali Martinez remains cautious about XRP's technical structure.

The analyst points to a major resistance level that could determine the next move for XRP. If broken, it could unlock significantly more upside for the asset. However, if the price fails to clear this hurdle, downside potential could extend towards $0.70.

XRP still trades roughly 73% below its all-time high and faces significant resistance at $1.06.