XRP has witnessed a sharp increase in price as strong investor support, particularly from whales, drives renewed bullish momentum. 

The altcoin’s recent recovery follows a notable accumulation phase, with large holders leading the charge. Their activity has strengthened market confidence and also helped push XRP’s price above $2.50.

XRP Holders Are Lifting The Load

XRP whales have played a key role in fueling the asset’s upward movement. On-chain data shows that addresses holding between 10 million and 100 million XRP accumulated over 190 million tokens in the past week. This accumulation, valued at more than $505 million, reflects growing confidence in XRP’s long-term potential.

The buying spree followed a recent price dip, signaling that large holders are buying the correction instead of exiting positions. Such activity often indicates strong conviction among institutional and high-net-worth investors.

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XRP Whale Holding. Source: Santiment

The broader market momentum for XRP is also showing signs of improvement. The Chaikin Money Flow (CMF), a key indicator of capital inflows and outflows, has recorded a notable spike over the past few days. The CMF now sits near a three-month high, confirming growing investor participation across both whale and retail cohorts.

A rising CMF typically indicates increasing buying pressure, and XRP’s recent readings confirm that inflows outweigh outflows. This shift suggests that market participants are positioning for continued upside.

XRP CMF. Source: TradingView

XRP Price Needs To Secure Support

At the time of writing, XRP trades at $2.65, attempting to establish $2.64 as a new support floor. The token has climbed more than 12% in the past week, marking one of its strongest short-term rallies in months.

If bullish sentiment continues, XRP could extend its rise toward the $2.75 resistance level. Investor support, particularly from whales, may help drive the asset closer to the $3.00 mark, signaling a broader recovery phase.

XRP Price Analysis. Source: TradingView

However, if XRP faces renewed selling or bearish market cues, it could retrace to $2.54 or even $2.35. Such a decline would invalidate the current bullish outlook and suggest short-term exhaustion among investors.