Will XRP Whales Book Profits on Their $1 Billion Accumulation? | Airdrop Alert Pro

XRP has been rising strongly, reaching its highest point in over three years. As of latest data, the altcoin is trading near $1.84, up more than 267% this month.

Several factors are driving the growth of XRP, especially its Crypto payments market, continues to attract institutional interest and strengthen its long-term prospects.

XRP continues to grow

XRP price growth Bitcoin’s rise has been attributed to its growing demand, but altcoins’ rise is also a result of an overall shift in sentiment toward crypto assets. IntoTheBlock Senior Researcher Juan Pellicer discussed this issue with BeInCrypto.

“XRP’s price performance has been exceptional over the past 2 weeks, continuing to outperform many major cryptocurrencies. This outperformance has been supported by XRP’s strategic positioning within the global crypto payments infrastructure and significantly improved sentiment following positive regulatory developments in the United States This is likely to continue. The government’s increasingly constructive stance on cryptocurrencies creates a favorable environment for XRP adoption strategies,” Pellicer told BeInCrypto.

Whale activity in the XRP market has been noticeable over the past two weeks. Holders holding between 1 million and 10 million XRP have accumulated over $1.12 billion worth of altcoins.

This massive accumulation indicates strong institutional and investor confidence, especially as XRP inches closer to the $2.00 mark. Whales’ strategies show they believe in long-term goals The potential of XRPwhich is crucial to the stability of altcoins.

However, such heavy accumulation has raised concerns about profit-taking. Many market watchers speculate that whales may start taking profits once XRP reaches major price levels, potentially leading to a pullback.

Still, given that the altcoin season has yet to truly get underway, whales are likely to hold on to their positions and avoid selling off prematurely. This may sustain XRP’s upward momentum in the short term.

XRP Price Prediction: Multi-Year Highs

The price of XRP has surged by more than 267% this month and currently stands at $1.84. The altcoin is approaching psychological resistance at $2.00, a key price point that has historically triggered major market moves. Reaching this level would mark an important milestone, signaling the market’s optimism and potential for continued growth.

if Ripple succeeds A flip from the $2.00 level to support could trigger an increase in demand, further pushing the price higher. Support at this price point could attract more investors, setting the stage for a push to higher price levels. Given the current momentum, XRP may reach new highs in the coming weeks.

However, if the market faces a broader correction, or whales take profits broadly, Ripple possible Experiencing a pullback. In this case, support at lower levels may be crucial to maintain the overall bullish outlook. For now, XRP’s price trajectory remains positive, with plenty of potential for further growth in the short term.