XRP Surges Over 20% Amid Whale Accumulation

XRP has experienced a significant rebound, climbing over 20% following a recent decline. According to NS3.AI, this recovery is largely attributed to aggressive buying by large holders, commonly referred to as whales, who have acquired more than 230 million XRP tokens within a 48-hour period. This surge in whale activity has reduced the circulating supply and coincided with a 51.5% increase in new XRP addresses, indicating heightened investor interest. Currently, XRP is trading near $1.46, encountering resistance at $1.47. Analysts suggest potential upside targets around $1.70, while cautioning about downside risks if key resistance levels are not surpassed.