XRP prepares for potential rally toward $4 amid whale accumulation

XRP whales purchased 340 million tokens during the past two weeks, concentrating their buying activity during each correction toward $2.90 and fueling a potential rally towards $4.

According to trader Ali Martinez, the accumulation pattern occurs as XRP confronts a critical technical juncture at $2.77. The token must maintain support to prevent a retracement toward $2.40.

Success in holding this level would position XRP to challenge the $2.90 resistance, potentially triggering an upward move toward $3.70.

The coordinated accumulation suggests confidence in XRP’s ability to break through overhead resistance from investors with deep pockets.

Rebound signs amid uncertain backdrop

Beyond the whale accumulation data, Martinez highlighted that the TD Sequential indicator shows back-to-back buy signals for XRP, suggesting a rebound setup is in play.

The technical formation adds weight to the whale buying pattern, providing both fundamental and...

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