XRP Price Poised for Potential Breakout Above $5 With Whale Buying Surge

The XRP price continues to see a rollercoaster of movement, but recent whale activity suggests a potential breakout above $5 is imminent. Analysis shows that whales have accumulated over 900 million XRP in the past two days, fueling bullish sentiment and creating favorable conditions for a short squeeze. 75% of open positions currently favor short sellers, indicating a bearish bias that could be reversed when selling pressure mounts. While recent price action has been volatile, technical indicators point to a potential upside move. Breaking above the $3.40 resistance band could trigger further liquidations and accelerate XRP’s surge towards its historic all-time high of around $5.