Whales sweep up $500 million for the first time in 10 months... Will XRP really break $3?

▲ XRP/AI Generated Image ©

Driven by the largest accumulation by giant whales in 10 months and an explosive inflow of institutional capital into spot funds, XRP (Ripple) successfully reclaimed $1.45, initiating an unstoppable upward trend. With the addition of a blueprint for quantum computer hacking defense by 2028, fundamentals have been extremely strengthened, and market attention is focused on whether it can break through the pivotal $1.50 resistance and launch a massive rally towards a peak of $3.

According to investment media TradingNews on April 22 (local time), XRP has risen by 7.07% over the past seven trading days, showing a strong trend around the $1.44 mark. The key driving force behind this rebound is the explosive buying spree by large addresses, including whales. They accumulated 360 million units, worth approximately $520 million, in the past week—the largest amount in 10 months. Furthermore, the XRP spot ETF led by Goldman Sachs also recorded a total net inflow of $55.39 million for seven consecutive days, achieving a total net asset value of $1.43 billion, proving that this rebound is not merely speculative but a firm directional bet by institutions.

Behind the explosive capital inflow lies the long-term security credibility of the Ripple network. Ripple has partnered with Project Eleven and announced a four-phase roadmap to introduce full quantum-resistant cryptography to the network by 2028. This provides technical assurance that the ledger infrastructure will be fully protected from upcoming quantum computing threats, and is considered a strong fundamental catalyst to accelerate adoption by traditional financial institutions, such as banks, targeting the future $13 trillion cross-border payment market.

Technical indicators are also sending both positive signals and caution simultaneously. Currently, XRP is successfully defending against declines, using the 50-day Exponential Moving Average (EMA) at $1.38 as support. However, a massive supply of 36.8 billion units at break-even points, concentrated in the $1.44 to $1.45 range, is suppressing a strong upward movement. The media analyzed that for a true bull run, XRP must decisively break through the $1.50 to $1.55 resistance zone and the 100-day EMA on the daily chart with significant trading volume.

As the multi-month triangular convergence pattern reaches its apex, a directional decision is imminent. Short-term momentum indicators, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are maintaining a positive trend. If $1.55 is strongly broken, there is ample potential for a rally to $1.80, then $2, and long-term to $3. However, XRP's relative strength ratio compared to the market leader Bitcoin (BTC) remains sluggish, which is a burdensome factor. If the $1.33 support level breaks, there is a risk of retreating to $1.20, necessitating thorough staggered buying and risk management.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*