XRP is attempting to break above the $3 mark after a strong week of accumulation by large holders. Data tracked by analyst Ali Martinez shows that whales scooped up 120 million XRP in the last 72 hours, showing confidence in the asset despite technical warning signs.
The purchase of such a large amount of XRP in a short period hints that institutional players and long-term holders see value in current levels. At a market price of $2.88, the total accumulation amounts to more than $345 million. This wave of buying comes as XRP defends a support zone between $2.70 and $2.80, an area that has historically triggered strong rebounds.
Price Levels to Watch
On the daily chart, XRP faces immediate resistance at $2.93, where the token is already showing signs of struggle. A decisive breakout above this level could clear the path toward $3.10–$3.15, with the next major ceiling seen at $3.30–$3.35. These zones are likely to determine whether XRP can sustain its rally or face another pullback.
On the weekly chart, however, a bearish divergence remains active. Analysts have been warning about this pattern since July, noting that momentum indicators do not fully support the recent upward price action. Unless XRP invalidates this divergence with a strong breakout, there is still risk of a larger correction.
Market Context Matters
XRP’s short-term moves remain closely tied to Bitcoin’s trajectory. If Bitcoin extends its bullish run, altcoins like XRP are expected to follow, though often with some delay. On the other hand, if Bitcoin dominance rises too quickly, capital could flow out of altcoins, limiting XRP’s upside.
What’s Next?
XRP’s attempt to reclaim the $3 mark comes at a critical time. Whale accumulation provides bullish momentum, but resistance zones and technical divergences cannot be ignored. At present levels, XRP sits at the center of both bullish optimism and cautious skepticism, making the next few days pivotal for its price direction.