According to market analyst Steph is Crypto, XRP whales, investors holding between 10 million and 100 million tokens, have collectively accumulated a staggering 320 million XRP, valued at approximately $768 million, over the past four days.

Therefore, this sudden surge in buying activity highlights a growing trend among institutional and high-net-worth investors to capitalize on recent market pullbacks.

Data suggests a classic 'smart money' move: whales are buying the dip. While retail traders react to short-term drops, these large investors are capitalizing on XRP’s weakness, signaling confidence in its mid- to long-term upside.

Steph is Crypto sees XRP’s current accumulation phase as a potential catalyst for a broader rally. Large holders hoarding tokens tighten supply, creating upward price pressure. At $2.51, sustained accumulation could draw more institutional investors and boost XRP’s global market presence.

XRP whales have accumulated $768M in just four days, a clear sign that smart money is positioning for a potential surge. Traders should watch closely, as whale activity often foreshadows major market moves. With XRP’s fundamentals and technicals aligning, the token could be on the brink of an exciting upward phase.

XRP Breaks 118-Day RSI Downtrend, Signaling Bullish Momentum

According to market analyst Steph is Crypto, XRP has officially broken its 118-day Relative Strength Index (RSI) downtrend, marking a pivotal moment for the cryptocurrency.

Therefore, this breakthrough indicates a potential shift in market sentiment and positions XRP for renewed upward momentum after months of consolidation and bearish pressure.

The RSI, a key technical indicator, measures the speed and change of price movements to identify overbought or oversold conditions.

XRP’s persistent RSI downtrend over the past 118 days suggested weakening momentum and limited buying pressure, keeping traders cautious. The recent breakout, however, signals that bullish forces are regaining control, potentially opening the door for a significant price rally.

Historical trends show that breaking long-term RSI downtrends often precedes substantial price moves. For XRP, this could mean testing key resistance levels previously capped by market inertia. Analysts expect that if XRP sustains its current momentum, the token could attract increased trading volumes, further fueling a bullish cycle.

XRP’s break of its 118-day RSI downtrend marks a key technical milestone. Coupled with strong fundamentals and strategic adoption, it positions XRP as a cryptocurrency to watch, as traders eye potential sustained bullish momentum amid market volatility.

Conclusion

Whales have accumulated 320 million XRP, signaling smart money is positioning for the next market upswing. Backed by strong fundamentals, institutional interest, and a recent technical breakout, XRP shows resilience and growth potential.

On the other hand, XRP’s breakout from its 118-day RSI downtrend marks a potential turning point. Backed by ongoing tech upgrades and rising institutional interest, the token appears poised for renewed bullish momentum.

Read the article at Coinpaper