XRP Whales Amass Record $742M as Price Targets $2

Large XRP holders have accumulated over $742 million in tokens this week. According to on-chain data cited by analyst Ali Martinez, whale balances have risen from approximately 12.37 billion to 12.80 billion XRP.

This represents more than 470 million tokens worth roughly $724 million at recent prices. The token has rebounded around 28% from the $1.25 area and recently reached a local high near $1.58, developing an inverse head-and-shoulders structure on its daily chart with a neckline close to $1.60.

A confirmed move above that level could activate a measured target near $2, representing roughly 30% upside from current levels. Conversely, a rejection could expose XRP price to initial support around $1.53, followed by $1.50.