Summary: Can XRP reclaim $1.20 as whales quietly add 70mln tokens?

Published: 1 month and 7 days ago
Based on article from AMBCrypto

XRP Market Outlook: Accumulation and Network Milestones

XRP is currently experiencing a surge in underlying strength as major investors and network metrics signal growing confidence. Despite trading within a tight range, the asset is backed by significant whale activity and a rapidly expanding ecosystem.

Whale Confidence and Ecosystem Growth

Institutional-scale investors have accumulated over 70 million XRP in just one week, signaling that current price levels are viewed as a buying opportunity. This bullish sentiment is mirrored by the XRP Ledger's growth, which recently surpassed 8 million activated accounts. The expansion of the ecosystem into DeFi, AI, and tokenization provides a solid fundamental base that supports long-term demand. Rather than distributing holdings after previous rallies, large holders are continuing to absorb the available supply.

Technical Resilience and the Path to $1.20

In the derivatives market, sentiment remains heavily skewed toward the upside, with over 77% of top traders on Binance maintaining long positions. While the price currently faces resistance near $1.20, buyers have successfully defended the $1.05 support level to keep the recovery intact. The daily RSI is climbing toward neutral territory, indicating that buying strength is steadily improving despite the lack of a decisive breakout. Liquidity clusters around $1.12 and $1.16 suggest potential volatility ahead, but positive forecasts point toward a constructive move toward higher targets. Reclaiming the $1.20 mark remains the essential next step for XRP to strengthen its bullish technical outlook and attract further momentum.

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