On-chain data indicates that 1.8 billion XRP tokens were acquired at the $1.75 price level, establishing a significant support zone for the cryptocurrency. This accumulation is seen as a robust technical foundation that could impact XRP's short-term price movements. Institutional interest has bolstered this support, highlighted by Ripple's $1.25 billion acquisition of Hidden Road and Evernorth's $947 million investment in XRP. Additionally, whale activity has intensified, with major holders increasing their XRP positions by 1.27 billion tokens in late October, further solidifying market confidence.