XRP Whales Fuel Rally to $1.70 as Breakout Hinges on $1.50

XRP's price has surged over 50% from last week's sub-$1 levels as whales accumulate more than 300 million tokens worth $510 million in just 96 hours.

The rally, which pushed XRP to a high of $1.70, has reignited speculation that the token could revisit its previous highs near $2.

However, analysts note that holding the current breakout at $1.50 is crucial for the next phase of the rally, as a failure to do so could send prices back down to the $1.20-$1.15 region.