Whale Accumulation Signals Bullish Momentum

XRP has demonstrated remarkable volatility this week, surging to $3.03 before experiencing profit-taking pressure. Notably, large investors continue accumulating the asset, with wallets holding over 1 million XRP reaching a record 2,743 according to Santiment data. This sustained whale activity suggests institutional confidence in the altcoin's upward trajectory.

Technical Patterns Point to Extended Gains

Veteran trader Peter Brandt identified a rare "continuation compound fulcrum" formation on XRP charts, historically preceding significant rallies. The pattern projects a potential target of $4.47, aligning with current whale accumulation trends. Market analysts highlight $2.65 as critical support, with a rebound potentially catalyzing movement toward $3.40 resistance.

【Key Data Points】 • Current support level: $2.65 • Resistance thresholds: $3 → $3.40 → $4 • Whale wallet count: 2,743 (all-time high)

Market Structure Analysis

The 4-hour chart reveals mixed signals, with price holding above the 20-EMA ($2.49) while the RSI shows negative divergence. This technical configuration suggests near-term consolidation may precede the next directional move. A decisive break above $3 could trigger accelerated buying, while failure to hold $2.65 may extend the correction phase.

——Industry Perspective—— "Whale volumes create self-fulfilling prophecies in crypto markets," noted blockchain analyst Miranda Lee. "When large holders accumulate during pullbacks, it typically signals conviction in higher price targets."

Strategic Considerations for Traders

Market participants should monitor two critical scenarios: 1. Bullish confirmation: Sustained trading above $3 with increasing volume 2. Caution signal: Breakdown below the 20-day EMA at $2.49 The $4 price projection remains contingent on maintaining the current accumulation pattern and broader market conditions.

As of publication, XRP trades at $2.82, with trading volume up 37% from weekly averages. The next 48 hours may prove decisive for determining whether whale activity can indeed propel prices toward the $4 threshold.