XRP Whale Activity Fuels Bullish Momentum: Is a $3.40 Breakout Possible?

Ripple’s native cryptocurrency, XRP, has experienced a significant surge in price after weeks of market volatility. This resurgence is fueled by a combination of institutional investors returning to the scene and a strong V-shaped recovery following a recent sharp decline. Key factors contributing to this bullish movement include rising open interest, which indicates substantial capital inflows from large financial institutions, particularly hedge funds and banks.