XRP Whales Mobilize for Potential $2 Breakout

XRP whales have been on a buying spree, accumulating over 470 million tokens in just five days. This represents an increase from 12.37 billion to 12.80 billion XRP in millionaire wallets.

The value of the absorbed supply reached approximately $724 million as XRP approached the $1.60 resistance zone.

This accumulation has some analysts believing that a sustained move above $1.60 could strengthen an inverse head-and-shoulders setup, with $2 emerging as a potential technical target.