Jakarta, Pintu News – XRP (XRP) experienced a significant price surge as strong support from investors, especially whales, pushed back the upward momentum.
The altcoin’s latest recovery comes after a notable accumulation phase, where large holders were the main drivers. Their activity has boosted market confidence and helped push the price of XRP to break above $2.50.
XRP whales played a significant role in driving the asset’s price up. On-chain data shows that addresses holding between 10 million and 100 million XRP have accumulated over 190 million tokens in the past week.
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This accumulation, which is valued at over $505 million, reflects growing confidence in XRP’s long-term potential.
This massive buying action came after the recent price drop, indicating that large holders chose to buy into the correction instead of exiting their positions. Such activity often reflects the strong conviction of institutional investors and high-net-worth individuals.
The overall market momentum for XRP is also showing signs of improvement. The Chaikin Money Flow (CMF) indicator, which measures capital inflows and outflows, recorded a significant spike in recent days. CMF is now near its highest level in three months, signaling increased investor participation from both whale and retail groups.

A rise in CMF values usually indicates increased buying pressure, and the latest data shows that capital inflows outweighed outflows. This shift suggests that market participants are bracing for further upside potential.
As of October 28, XRP is trading at $2.65 and is looking to set $2.64 as its new support level. The token has gained more than 12% in the past week, marking one of its strongest short-term rallies in recent months.
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If the positive sentiment continues, XRP has the potential to continue rising towards the resistance level of $2.75. Support from investors, especially whales, could help push the price closer to the $3.00 mark, which would signal a broader recovery phase.

However, if XRP comes under selling pressure again or market signals become bearish, the price could correct to $2.54 or even $2.35. This kind of decline would invalidate the current bullish outlook and indicate possible short-term fatigue among investors.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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