Whale XRP accumulation 1 billion USD ensures the price rises above 2 USD

XRP has experienced a downward trend lasting a month, causing the price to fall below the 2 USD level, wiping out the profits made earlier this year.

However, despite the recent challenges, the price of XRP has now returned to a recovery trend, showing signs of growth, primarily supported by the accumulation of "whales" and the broader market changes.

XRP whales are trying to take advantage

XRP whales have been actively accumulating tokens over the past week, showing a clear signal of trust in the altcoin. In just seven days, addresses holding between 10 million and 100 million XRP tokens bought a total of more than 510 million XRP, worth more than $1 billion.

This significant accumulation has raised the total holdings of "whales" to 7.38 billion XRP. If this downward trend continues, it is likely that the price of XRP will be positively affected by the increased confidence and demand from these key investors.

Strong support from these "whales" provides a solid foundation for the price of cryptocurrency, which could push prices higher as the broader market sentiment improves.

Looking at the broader market sentiment, XRP is facing challenges with NUPL (Net Unrealized Profit/Loss), which has recently fallen below the 0.5 level for the first time in five months. This decline indicates that XRP has entered the "zone of anxiety," an area often associated with market correction.

As investor sentiment becomes more cautious, XRP may face short-term price volatility. However, with the global market conditions improving, especially after U.S. President Trump suspended retaliatory tariffs for 90 days, XRP could overcome these bearish signals and begin an upward trend.

Can XRP escape the downward trend?

At the time of writing, the price of XRP stands at 2.00 USD, marking an increase of 11.7% in recent trading days. Although this altcoin has made significant progress, it is still affected by a downward trend lasting a month.

As a result, XRP is still fighting against the historical downward momentum, but the recent price increase shows potential for continued growth. With current support from "whales" and improvement in the broader market, XRP has a chance to break through the resistance level of 2.14 USD and aim for 2.27 USD, escaping the downward trend.

However, if the downward trend in sentiment increases, XRP may struggle to maintain the current price. This could lead to a fall below the important support level of 1.94 USD, potentially decreasing to 1.70 USD, thereby invalidating the bullish outlook.

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