XRP Breaks All-Time High with 330,000 Whale Wallets, Will it Break the $1.49 Barrier and Start a $2 Rally?

▲ XRP/AI-generated image ©

While XRP (Ripple) shows strong support at the $1.45 level, the number of wallets holding more than 10,000 coins has reached an all-time high, capturing market attention with aggressive accumulation by whales.

According to the investment media outlet TradingNews on May 13 (local time), XRP (Ripple) is attempting a rebound between $1.42 and $1.46, overcoming Tuesday's decline. Santiment data shows that the number of wallets holding over 10,000 XRP hit an all-time high of 332,230, a figure even higher than during the market crash last February, reflecting strong conviction among long-term holders. Open interest in the futures market has also rebounded 30% from its March low to $2.97 billion, supporting the recovery in investor sentiment.

The pace of institutional capital inflow is also encouraging. In the U.S. crypto spot ETF market, $25.8 million flowed in last Monday, followed by an additional $5.2 million on Tuesday, bringing the cumulative inflow to approximately $1.4 billion since its launch last November. As crypto investment infrastructure expands with BlackRock, Fidelity, and Charles Schwab all launching Bitcoin and Ethereum trading services, the future passage of the CLARITY Act is expected to be a decisive factor in XRP's institutional adoption and large-scale capital inflows.

On the regulatory front, the full text of the CLARITY Act, unveiled by the U.S. Senate Banking Committee, has emerged as a key market variable. This bill aims to establish clear federal oversight standards for digital assets, including XRP, and the industry views it as the last chance to unlock institutional capital inflows. VanEck also identifies the XRP Ledger as a strong potential competitor to SWIFT and DTCC, highly valuing its technological superiority as an institutional settlement infrastructure.

Technically, XRP has broken out upwards from a multi-week pennant pattern, forming a solid bottom at $1.41. With the weekly Moving Average Convergence Divergence (MACD) histogram making higher highs and maintaining a bullish bias, the key is whether it can overcome the strong resistance clustered in the $1.48-$1.51 range. If it breaks this resistance with accompanying trading volume, an initial rally to $1.60, and a long-term rally beyond the 200-day EMA at $1.71 to the $2.00 mark, is anticipated.

In conclusion, XRP stands at a major turning point, catching three rabbits: unprecedented whale accumulation, institutional spot ETF inflows, and regulatory clarity. Experts view a breakout above $1.49 as a definitive signal for a price surge, and Ripple's Q2 network update, scheduled for the end of this month, is expected to be an additional catalyst. Investors need to confirm the intraday support at $1.42 and prepare for volatility based on the CLARITY Act legislative process and macro indicators.

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