Recent whale purchases indicate an increasing interest in XRP from major institutional investors.
Whales Acquired $915M in XRP, Institutional Interest Grows
Recent on-chain data shows that crypto whales have purchased $915 million in XRP. Institutional attention has spiked following a $439 million transfer from a Ripple-related wallet to Coinbase. Ripple executives, including CEO Brad Garlinghouse, remain focused on corporate advancements, not commenting directly on the purchases. The increased whale activity aligns with Ripple's efforts in expanding partnerships.
Reduced Sell-Side Pressure: Bullish XRP Outlook
Whale actions have reduced sell-side pressure, indicating strong holding conviction. Technical support at $2.14–$2.20 underscores market expectations of a significant price surge. Financial experts cite stronger institutional engagement as a major influence on XRP's bullish trend, aligning with predictions of a price breakthrough by year-end.
XRP Buying Patterns Suggest Imminent Price Surge
This current buying pattern contrasts with 2024's when sales dominated. Historically, increased whale activity tends to precede rising altcoin markets and technical breakouts. Experts point to expected rate cuts and easing regulatory pressure as key factors reinforcing bullish predictions, potentially reaching targets above $3. As crypto analyst Zach Rector noted, 'XRP has completed wave 2, and wave 3 could be the most explosive phase in the Elliott Wave sequence.'
The increase in whale purchases and strengthened institutional interest in XRP may signal potential growth for this digital currency in the near future.
