XRP Whales Accumulate $3.8B Amidst Post-SEC Settlement Surge; Key Resistance at $3.40, Support at $2.60

Over the last two months, XRP whales—those holding 10 million to 1 billion XRP—have acquired about 1.43 billion coins worth $3.8 billion. Coincident with Ripple's settlement with the SEC, which quelled regulatory fears and therefore produced a spike in institutional investment, higher trading volumes, and XRP's price exceeding its 2021 peak to climb over $3, this substantial accumulation occurred.

Resistance and Support Analysis

XRPUSD is consolidating after hitting an all-time high. The immediate resistance level for XRP is around $3.40, and a breakout above this level will push prices higher to $4/$5. Any breach above $5 confirms further bullishness, a jump to $7. On the downside, immediate support lies at $2.60 any break below targets $2.25/$2/$1.60, $1.27, $1.00, $0.85, and $0.74.

CCI(50)- Bullish

Directional Movement Index - Bullish

Trading Strategy Recommendation

It is good to buy on dips around $2.65 with SL around $2 with SL around  $4/$5.