XRP whales accumulate $4.25 million as price eyes breakout above $1.20 resistance

Price action hovers near support

Currently, XRP trades at $1.02, showing a 1.95% drop over the past 24 hours. The 24-hour trading volume stands at $1.03 billion, with total market capitalization at $63.9 billion. Despite the recent decline, the underlying price structure and rising whale interest point toward the possibility of a bullish turnaround.

Crypto analyst EGRAG CRYPTO has highlighted that XRP price movements are compressed into a tight range between $1.03 and $1.05 over the last three days. The token continues to trade below its 21, 50, 100, and 200-day exponential moving averages, underscoring that bulls have yet to assert control in the current trend.

XRP will need to decisively reclaim the $1.18 to $1.20 region for any confirmation of renewed upward momentum. If this level is breached, the next key target is $1.27, with additional upside potential extending toward $1.65 and $1.80.

Major whale activity strengthens outlook

Recent wallet data from BankXRP indicates a surge of interest from major holders, often referred to as “whales.” These investors acquired nearly 20 million XRP, valued at $20.66 million, while selling 15.89 million XRP, worth $16.41 million. Overall, whales have increased their holdings by 4.11 million XRP during this period, translating to a net accumulation of $4.25 million.

Analysts view this net inflow as a sign that influential market participants expect recovery, at least in the near term. Such accumulation may help reduce selling pressure and provide additional support to the price, especially in a market looking for positive signals.

Mini dictionary: Whale (cryptocurrency) – A term used to describe an individual or entity that holds a large position in a specific coin or token. Their trades can influence market movements due to the size of their transactions.

Risks and potential price levels

XRP’s ability to hold above immediate support between $1.03 and $1.05 will play a pivotal role in the coming sessions. A sustained move above $1.20 could change market sentiment and confirm the start of a recovery, potentially targeting $1.27, $1.65, and even $1.80.

On the downside, failure to defend support—especially with a break below $0.97—may invalidate the current bullish structure and expose XRP to a deeper decline toward $0.777.

Overall sentiment remains cautious as both bullish and bearish scenarios depend on whether buyers can reclaim critical resistance levels or if renewed selling leads to another downturn. The broader decline in Bitcoin and other major cryptocurrencies has also influenced XRP’s short-term price action.

A breakout above $1.20 could confirm the bullish outlook, while a drop below $0.97 may signal further downside toward $0.777.