XRP is experiencing a major accumulation trend as crypto whales actively increase their holdings. According to crypto analyst Kyle, over 300,000 addresses now hold at least 10,000 XRP, signaling rising confidence from large holders. This strategic accumulation suggests big players are anticipating a major move in the XRP ecosystem.
This move could be triggered by the launch of an XRP ETF, with a 90% chance of SEC approval this year. Alternatively, the conclusion of the Ripple SEC lawsuit, where both parties have reached an agreement pending court ruling, could be the catalyst. Analyst Ali Martinez confirmed that wallets holding between 10 million and 100 million XRP have bought approximately 900 million XRP in the past month.
Dark Defender, another crypto analyst, projects an incoming surge with five waves, initially targeting $3, then $4.4 and $6.3. A rally to $4.4 would establish a new all-time high for XRP. Currently, XRP is trading around $2.12, a 2% decrease in the last 24 hours, according to CoinMarketCap.
This article is based on our author's analysis of materials taken from the following resources: CoinMarketCap and X posts from @Kyle, @Ali Martinez, and @Dark Defender.