A significant $98.6 million XRP transfer from Gemini to an unknown wallet has fueled speculation of whale accumulation, coinciding with XRP's consolidation near the $2.20–$2.30 support zone. This movement is accompanied by a 247% increase in funding rates, highlighting a growing bullish sentiment in the market.
On-chain metrics further support this trend, with the Spot Taker CVD and NVT ratio pointing to increased buyer dominance and enhanced network efficiency. These indicators suggest a potential price rebound for XRP as bullish momentum builds.
XRP Whale Activity and Funding Rate Surge Indicate Bullish Trend
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