Rare Signal Emerges in XRP After 6 Years: Whales Accumulate 380 Million Units and Target Critical Level

A rare technical signal appearing on the XRP monthly chart, combined with intense accumulation by whales, suggests that a massive surge could be on the horizon for the popular altcoin.

XRP, a long-standing player in the cryptocurrency market, is drawing attention as both technical and on-chain data converge in a rare fashion. According to data shared by analysts, a long-awaited bullish signal has flashed on the asset’s monthly chart, while massive purchases by large investors—known as whales—over the past week support this optimism.

The TD Sequential indicator, used in technical analysis to identify trend reversals, has once again flashed a “buy” signal on the XRP monthly chart. This signal has appeared only a few times in the last six years and has made a major impact on the market each time. For instance, following this signal in April 2020, massive rallies of 1,074 percent occurred, and in August 2022, a 973 percent surge was recorded. As seen in the shared charts, if this technical indicator is confirmed, the price could shift from a macro-level downtrend to bullish momentum.

$1.06 Resistance in XRP Price and Whale Activity

On-chain data proves that in addition to the technical signal, whales have also taken action. In the last week alone, large wallet holders have accumulated more than 380 million XRP. This situation indicates a strong environment of confidence at current price levels. However, for the rally to be sustainable, the most critical hurdle to overcome is the “volume wall” at the $1.06 level.

Analysis tools show that approximately 3 billion XRP transactions are concentrated at the $1.06 level. If the XRP price manages to achieve a monthly close above this level, targets of $1.35 and subsequently $1.64 could come into play as the resistances ahead weaken. Analysts emphasize that breaking through this critical resistance could trigger a new major upward wave.