XRP Price Targets ATH as Ripple Whales Accumulate Massively

XRP's trajectory is once again under the spotlight as the crypto eyes a potential ATH. Besides, Ripple whales have lately been engaging in a massive accumulation spree.

XRP price eyes a potential all-time high (ATH) as technical indicators hint at bullish momentum. Meanwhile, recent updates and analysis suggest XRP is gearing up for a new rally.

As XRP price eyes a potential new all-time high (ATH), recent updates from analysts and fresh data from CoinGecko paint a compelling picture for what lies ahead.

Moreover, technical indicators hint at bullish momentum, and recent developments are bound to get XRP enthusiasts excited.

Here are some key highlights.

Ripple Whales Accumulate 453.3 Million XRP Tokens

Recent data from CoinGecko shows that Ripple whales have been quietly accumulating XRP tokens. According to crypto analyst Armando Pantoja, these whales have purchased a total of 453.3 million XRP, roughly amounting to $526 million, in the past week. This accumulation marks the largest activity of its kind in nearly three years.

Highlighting this buying spree, Pantoja suggests that the whales are preparing for “something big.” This renewed interest comes as XRP climbs back into the limelight following its price rally lately.

“$XRP whales quietly bought 453.3M tokens, $526M in a week—18% of the supply.

The most accumulation by whales in almost 3 years.

They know what most refuse to accept…

something big is coming #XRP.”

This surge in whale activity demonstrates increasing confidence in XRP’s future potential. Moreover, such large-scale accumulation is often regarded as a precursor to major price movements, adding to the growing anticipation of a new ATH.

XRP/BTC Chart Breakthrough Signals Bullish Momentum

In related news, technical analysis shared by EGRAG CRYPTO further highlights the strength of XRP's performance against Bitcoin (BTC). On the XRP/BTC trading pair, the price recently closed above the “Atlantic & Pacific Line,” a key resistance level, turning it into support. This milestone is seen as a critical step toward sustained bullish momentum.

EGRAG CRYPTO also points out that the next resistance zone lies between 0.0000344 and 0.0000443 BTC. A breakout above this range could potentially lead to XRP/BTC reaching its cycle target of 0.00013 BTC. Such a move would not only cement XRP's dominance in the current market cycle but also signify a pivotal shift in its valuation.

Community Sentiment Fuels Optimism

The XRP community, known for its unwavering optimism, is abuzz with predictions of a new ATH. Influential analyst Dark Defender took to Twitter to remind his followers of XRP's past ability to defy doubts. He recalls how the token surged to $1.99 despite skepticism about breaking $0.33. Similarly, its recent climb to $1.26 from $0.66 reinforces his view that XRP could surpass its ATH of $3.84 with “outstanding pace.”

“People did not believe XRP could break 33 cents,

but he did, by touching $1.99

People did not believe XRP

could break 66 cents this time

but he did, by touching $1.26

Some people are still in doubt and do not believe XRP to break ATH.

But, He Will, with an outstanding pace.”

This optimism aligns with XRP's 79.07% weekly gain, even as the token faces a slight 3.83% pullback in the last 24 hours. At press time, XRP trades at $1.10, according to CoinGecko. For XRP to reach its previous ATH of $3.84, it must rise approximately 249%, an increase by $2.74, a target many in the community believe is achievable.