XRP has witnessed significant whale activity, with over 340 million tokens acquired in the past two weeks, according to analyst Ali Martinez. This accumulation occurs as XRP attempts to reclaim the $3 resistance level, suggesting a potential rebound despite recent price declines. Martinez identified $2.76 as a crucial support level, with the possibility of XRP rising to $3.20 if this support holds. The market is also eyeing the potential approval of a spot exchange-traded fund (ETF), which could draw institutional investment. Major asset managers have updated their filings for proposed spot XRP ETFs following the resolution of the Ripple and SEC case. Currently, XRP is trading at $2.82, down 6.2% for the week, but remains above its 200-day simple moving average, indicating a bullish long-term outlook.