Ripple Price Analysis: Could Rally to $3.90 Amidst Whale Accumulation and Bullish Signals

XRP price continues to fluctuate around the $3.11 mark as whales accumulate significant quantities. Between August 10th and 15th, whale wallets added a remarkable 120 million XRP tokens to their holdings. According to Santiment, this accumulation has fueled confidence among mid-tier investors, with wallet balances for those holding between 1 and 10 million XRP increasing by a staggering 140 million XRP, reaching a substantial $6.72 billion. This increased confidence has prompted Ripple’s price to climb above the $3.20 mark before retracting.