Large XRP holders have quietly made bold moves despite ongoing market turbulence and regulatory noise. Throughout April, whale wallets accumulated nearly 900 million XRP, signaling rising confidence in the asset’s long-term potential.
This surge in whale activity happened as XRP’s price showed a sharp recovery. After briefly falling to around $1.60 in early April, the token rebounded and climbed back above $2.20 by the end of the month. The heavy buying from large holders appeared to support this upward momentum.
Source: Ali-Charts
Market watchers noted that while attention remained focused on Bitcoin and its rumored government-linked reserves, XRP whales acted decisively. Their accumulation coincided with a shift in trader sentiment that became evident in the derivatives market.
Also Read: XRP Price Explodes 330% in a Year—Analysts Predict Even Bigger Surge Ahead
Funding Rate Turns Positive as Buyers Regain Control
Data from Coinglass highlighted a positive development for XRP’s short-term outlook. The funding rate, which reflects the cost of holding long or short positions in futures trading, turned positive on May 1.
This change followed a brief period in which it dipped into negative territory on April 30. A positive rate generally shows that more traders expect prices to rise.
Source: Coinglass
The change in funding rate supports the view that market participants are beginning to lean bullish on XRP. An upward shift in funding terms demonstrates growing market demand, which indicates that leveraged investors feel bullish about the market.
Meanwhile, XRP attempted to break a critical resistance zone between $2.25 and $2.28. After failing to impress buyers at this price point the market briefly retracted from this level. This market resistance barrier creates a temporary challenge for XRP to generate additional price increases.
Source: CoinMarketCap
The resistance level exists between $2.17 and $2.14. The price analysts predict maintenance at this zone depends on Bitcoin avoiding significant value drops since such movement could pull XRP down with it.
The current market trends demonstrate XRP will not fall below $2.05 even in its most unfavorable scenario.
Conclusion
XRP’s sharp price rebound and massive whale accumulation indicate a strong vote of confidence from large investors. With bullish signs in the futures market and stable support levels, the focus now shifts to whether XRP can break past resistance and continue its upward path.
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