XRP whale wallets surge past 300K — is a breakout incoming?

XRP shows the first signs of silent accumulation as large wallet activity activities, but the price remains linked to the beach.

Over 300,000 addresses now contain 10,000 XRP or more (Xrp), according to an article on May 5 on X by Crypto Kyledoops analyst. The net increase in whale wallets indicates the growing confidence of whales and institutional players, arousing speculation about a potential XRP price decision.

“It looks like strategic accumulation is back,” wrote Kyledoops, suggesting that major players can position themselves early for major XRP developments.

On May 6, another analyst Max Avery added that the XRP lateral negotiation range reflects the “price checks” driven by a constant institutional accumulation through methods such as the average weighted price in timee and the average price weighted by the volume.

According to Avery, this type of purchase calculated, often used by institutions to reduce the impact of prices, could be in preparation for a fund translated by XRP exchange. When asked why the ETF media threshing does not already stimulate prices, Avery replied that the impact can be “more progressive” over time.

Meanwhile, XRP catalysts continue to accumulate. In Q1, XRP has outperformed Bitcoin (BTC) and Ethereum (Ethn), gathering almost 50% in early February, according to the last report. The XRP / BTC ratio increased by 10%, and XRP investment products attracted $ 37.7 million in entries, just under $ 214 million in Ethereum.

An ETF XRP with leverage spear In April, and the Spot ETF deposits of Franklin Templeton and Bitwise are awaiting approval of the Securities and Exchange Commission. Ripple has also ruler Its long -standing trial of the SEC with a payment of $ 50 million, but the market reaction was moderate, potentially because it was already assessed.

While the fundamentals indicate a long -term potential, the technical image remains mixed. On the bullish side, XRP defended the key support of around $ 2.05 and remains greater than the estimated mobile average of 200 days almost $ 1.99. Enimony indicators such as the stochastic relative resistance index show conditions of exceeding.

A movement towards the fork from $ 2.30 to $ 2.40 can be possible if there is a clear rupture higher than the EMA of 10 days and 20 days, which are respectively at $ 2.17 and $ 2.19. But it is impossible to forget the downward scenario.

XRP continues to be negotiated below its short and mid-term mobile averages, and the RSI is neutral at 48.7, showing a lack of strong ascending dynamics. The momentum and indicators of divergence of mobile average convergence have also slightly lowered, which suggests that the sellers are still active. If XRP loses the level of support of $ 2.05, it risks going back to $ 1.99 or even more, which could invalidate the thesis of the accumulation of whale raised in the short term.

For the moment, all eyes are on the question of whether the whales know something that the market does not do, or if they are early for a decision that still needs confirmation on the graphics.