XRP’s price action reveals a familiar pattern, reminiscent of the 2017 consolidation that preceded its breakout above $3. The current consolidation is centered around the $2.81 level, mirroring the structure of previous periods where XRP consolidated before surging upward. Notably, this week witnessed whale activity as over 340 million XRP entered significant wallets in a two-week period, bolstering their holdings to nearly 7.84 billion XRP. This accumulation highlights strong market sentiment despite the price remaining relatively stagnant between $2.72 and $3.20 – $3.40. Analysts point out that this stable range is indicative of a potential breakout toward the previously established resistance zone, which could lead to another significant upward movement.