XRP whales have accumulated approximately 250 million XRP in just two days, signaling strong bullish momentum for the cryptocurrency. This surge in accumulation is bolstered by the Bank of Japan's institutional XRP lending program, which has increased demand and improved the 2025 outlook for XRP.
Key price levels for XRP include a resistance range of $3.00 to $3.20 and support near $2.90. Additionally, Ripple's CTO David Schwartz stepping down to join the board has been noted as a contributing factor to the positive sentiment surrounding XRP.
XRP Whale Accumulation Reaches 250M Amid Bank of Japan's Lending Program
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