XRP Whales Scoop Up 300 Million Tokens Amid 18% Price Surge

XRP has seen an impressive surge in price over the past 24 hours, rising by 18% as large investors, also known as whales, accumulated more than 300 million tokens in just 96 hours.

This level of buying conviction has not been seen since XRP was consolidating below $1. Analyst Ali Martinez noted this significant accumulation, highlighting the strong commitment from these large investors.

In addition to the whale activity, BankXRP pointed out that the $1.04 to $1.06 zone was stacked with liquidity, which traders expected would slow down the rally. However, XRP's price broke through this zone and reached $1.19 without a pause.

This breakout also cleared several key moving averages, including the EMA 20, EMA 50, and EMA 100, flipping them into fresh support below the current price.