XRP price is currently trading above the important $3 mark after gaining more than 3% in the last 24 hours. The move comes after weeks of steady accumulation by whales.
Strong Support and Whale Accumulation
Market data shows $2.80 has acted as firm support, preventing deeper declines and creating a base for recovery. In the past 48 hours alone, whales purchased more than 250 million XRP, with another 120 million acquired over three days.
These transactions, worth hundreds of millions of dollars, hint that institutional players are taking advantage of retail fear and uncertainty.
Historical Parallels With 2017
XRP’s current setup resembles its 2017 bull run. Back then, skepticism turned into a parabolic rally that caught many by surprise. Today, XRP is showing a similar structure, with $3.40 emerging as the next resistance.
$XRP is still in a clear macro uptrend, with the July pullback looking more like a mid-cycle pause. The $2.65 level has held firm so far. Price is coiling in a falling wedge (patterns that often resolve higher). Key resistance sits at 3.40. A breakout there could unlock 5+ th