XRP (CRYPTO: XRP) is up 18% over the past 24 hours as whales scooped up more than 300 million tokens in 96 hours.
Why Are XRP Whales Buying 300 Million Tokens?
Analyst Ali Martinez flagged on X that more than 300 million XRP were accumulated by whale wallets in just 96 hours, a level of buying conviction not seen during the months-long consolidation below $1.
Meanwhile, BankXRP noted on X that the $1.04 to $1.06 zone was stacked with liquidity that traders expected to slow the rally, but price ripped straight through it to $1.19 without pausing.
The breakout cleared the EMA 20, EMA 50, and EMA 100 in a single session, flipping all three into fresh support below price.
