Recent events in the XRP market suggest significant accumulation of the asset by large holders, as well as positive technical signals.
Accumulation of XRP by Large Holders
According to U.Today, large holders purchased over $415 million in XRP within a single day, which helped maintain the asset's price. On-chain data reveals that 2,743 wallets now hold over 1 million XRP each, collectively holding 47.32 billion tokens. This reduction in liquid supply has contributed to price stability amid volatility.
Technical Indicators of the Asset
On the technical side, XRP continues to hold above the crucial $3.10 pivot, showing resilience even after being rejected at the $3.28 Fibonacci resistance. The RSI sits at 60.39, indicating a neutral-to-bullish trend, while the MACD is nearing a bullish crossover. Analysts are closely watching for a golden cross between the 9-day and 26-day moving averages—a signal that could open the door toward a move to $3.34 and beyond.
Increased Interest from South Korean Investors
In recent days, trading activity on South Korean exchanges has spiked significantly. The XRP/KRW pair on Upbit accounted for 14% of the platform's $3.2 billion daily volume, signaling strong retail interest and FOMO (fear of missing out) among South Korean traders. With the Altcoin Season Index up 115% in 30 days, XRP’s outperformance highlights its positioning as a candidate for regulatory rebound and technical breakout.
Thus, the accumulation of XRP by large holders, positive technical indicators, and increased interest from South Korean investors create a solid foundation for potential further growth of the asset.
