XRP whale activity heats up – Transactions over $1 million grow on the network

XRP has shown impressive resilience and relative strength compared to the broader crypto market, definitely pushing above a critical supply zone. The altcoin is up more than 23% since Monday's market shock, marking a major recovery and positioning itself for a potential move in price discovery. This high move has renewed optimism among investors, suggesting that it could be on the verge of a major breakout.

Adding to the bullish opinion, the main analyst Ali Martinez shared strong data on the chain, showing a notable increase in high-value transactions on the XRP network. In the last 24 hours alone, the number of transactions exceeding $1 million has increased to 341, indicating increased interest and activity among institutional players and large holders.

The recent rise above key resistance levels indicates the altcoin's ability to outperform the current market cycle, especially as the altcoin is showing strong demand and bullish network activity. As the crypto market continues to be uncertain, the growing trend and growing network activity position it as one of the top performers in the space.

XRP ready for big gains

XRP has consolidated its position as a leader in the current market cycle, delivering incredible benefits and pointing to even greater potential for 2025. As the crypto market enters the ranks end of this bull cycle, analysts are increasingly optimistic about the performance of XRP, with many predicting. a massive rally that could take the altcoin to unprecedented heights. The resilience and mobility of XRP has cemented its status as a major contender in the market.

Principal analyst Ali Martinez recently shared strong data from Santiment, highlighting an increase in high-value transactions on the network. Over the past 24 hours, the network recorded 341 transactions above $1 million. This particular increase in whaling activity is a very strong indicator, as it indicates a higher interest and accumulation of large investors. Such activity often precedes significant price movements, as it reinforces confidence in XRP's potential.

The bullish fundamentals are further enhanced by the growing euphoria among investors. With the fund holding above key levels and showing strong network activity, optimism continues to build. Analysts believe that this combination of technical and fundamental strength sets XRP apart as one of the major players for the current cycle.

As market sentiment continues to grow bullish, all eyes are on XRP to see if it can sustain its momentum and deliver the huge amount investors are expecting. With aligned fundamentals and rising whale activity, it appears well-positioned to exceed expectations.

Holding strong after a major resistance break

XRP is currently trading at $2.75 after successfully breaking a critical resistance level at $2.72. This milestone marks renewed strength for the altcoin, which now appears poised to continue its upward trajectory. Holding firmly above this level, the price is showing signs that it is ready to challenge last year's high of $2.90.

If the price can break through the $2.90 mark, it is likely to trigger a large rally, which could push the price into high-term territory. Such a breakout would cement XRP's status as a market leader in this cycle, attracting investor attention and additional capital.

However, the path to new heights may not be immediate. Market conditions indicate that the price may take a few days to confirm the bullish trend while traders assess whether the current trend can sustain. A period of consolidation or minor pullback may occur as bulls gather the strength needed to clear critical levels.

For now, XRP remains in a strong position, with bullish sentiment supporting its recent gains. As the market continues to align with broader uptrend patterns, XRP's ability to hold above key levels like $2.72 will be key in paving the way for a major breakout in the coming days .

Featured image from Dall-E, chart from TradingView