XRP News Today — Ripple Targets $6.50 as Whale Wallets Add Over $400M in 24 Hours

XRP is back in the spotlight as whale wallets add more than $400 million worth of tokens in a single ￰0￱ rapid increase in accumulation has renewed hope for Ripple’s price outlook, with analysts now setting the next potential milestone at $6.50. The renewed confidence in XRP comes as institutional investors start to reposition into what are viewed as more secure ￰1￱ the newer entrants, MAGACOIN FINANCE is gaining considerable attention for establishing credibility at early stages with transparency and verified blockchain ￰2￱ believe the project can offer some huge returns because institutional capital is looking for trustworthy, growth-ready ￰3￱ Wallets Reach Record Numbers Data from analytics firm Santiment shows wallets holding at least 10,000 XRP have reached an all-time high of about 317,500.

This growth has taken place despite overall market volatility and appears to suggest that the big investors are using price weakness as an opportunity to expand ￰4￱ recently fell to $2.25 before recovering to $2.38, reflecting consistent buying at lower ￰5￱ watchers say this trend is similar to earlier periods of accumulation preceding major ￰6￱ growing number of mid-tier to large-tier wallets reflects a growing belief in the long-term strength of ￰7￱ Market Declines as Spot Buying Increases While wallet accumulation is increasing, CoinGlass data shows XRP has gone down to $3.49 billion in open interest for XRP futures, the lowest point since ￰8￱ influence this as traders move from leverage speculation to direct spot accumulation.) to manage XRP reserves and fund liquidity ￰9￱ addition, Ripple has spent around $3 billion in acquiring firms such as Metaco, Hidden Road, Rail, and ￰10￱ moves expand Ripple’s infrastructure in terms of cross-border settlements and enterprise ￰11￱ continued growth of the company has led analysts to reaffirm the $6.50 target, as there is strong institutional participation and network fundamentals are ￰12￱ surrounding an XRP-based ETF is also boosting ￰13￱ participants expect that a regulated investment vehicle may draw more exposure from institutions, further enhancing Ripple’s liquidity ￰14￱ Picture Supports the Bullish View On the charts, XRP has broken out of a long period of ￰15￱ the time of writing, XRP traded at around $2.37 and is supported at $2.25-2.35 while facing resistance at $2.60-2.70.

Analyst Kamran Asghar noted that the pattern is “clean,” with a confirmed breakout and successful retest. A sustained move above $2.70 could clear the way for $2.80, matching historical ￰16￱ the momentum is continued, the next stage could be a further extension towards Ripple’s broader $6.50 ￰17￱ long as XRP remains above its key support, the short-term bias is heavily bullish.