XRP has experienced a 12% price increase over the past week, driven by significant whale activity involving the transfer of 460 million coins. This movement has sparked concerns about potential selling pressure, although institutional interest remains strong. Since the launch of XRP ETFs, institutions have invested $643.92 million, with $21.81 million added on November 26 alone.
Analysts highlight the importance of breaking the $2.27 resistance level for further price gains. CRYPTOWZRD, a noted analyst, suggests that surpassing this threshold could propel XRP towards $2.75 and potentially $3, indicating a bullish outlook if the resistance is overcome.
XRP Jumps 12% as Whales Transfer 460 Million Coins
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