XRP whale activity rises as price consolidates near $2.50

XRP (CRYPTO:XRP) has seen a notable increase in whale transactions, prompting speculation about a potential breakout or continued consolidation phase for the cryptocurrency.

Recent data highlights a significant rise in XRP whale transactions, with numerous trades surpassing $1 million.

Some of these large transactions have exceeded $40 million, indicating strategic accumulation by institutional and high-net-worth investors.

This accumulation coincides with a steady price increase, suggesting that large holders are preparing for a potential rally.

XRP’s price has been consolidating in the $2.20–$2.50 range, sparking discussions about whether the cryptocurrency is gearing up for a breakout or simply consolidating for future movement.

Technical analysis underscores the influence of whales in maintaining price stability during price rallies.

The surge in whale transactions, particularly those over $1 million, aligns with price increases, indicating that large investors are likely driving market liquidity.

Smaller institutional players have also been active, contributing to the overall accumulation.

At the time of writing, XRP was trading at $2.2851, showing a 1.48% decline in the intraday price.

The Relative Strength Index (RSI) stood at 55.17, signaling neutral momentum, with neither overbought nor oversold conditions.

The On-Balance Volume (OBV) was at 9.97 billion, indicating continued accumulation despite the price consolidation.

Resistance remains near the $2.50 mark, a level that has been tested several times without a decisive breakout.

The next move will depend on whether XRP can maintain support at $2.20.

A breakout above $2.50 could trigger renewed bullish momentum, while failure to hold support might result in sell-offs.

Retail investors should keep an eye on volume shifts and market news to adapt their strategies accordingly.

At the time of reporting, the XRP price was $2.25.