XRP Whale Accumulation: Institutional Confidence Amidst Price Volatility

Institutional investors are showing strong confidence in XRP, evidenced by recent significant accumulation from large holders. A surge of 340 million XRP coins by whale addresses holding between 10 million and 100 million XRP over the past two weeks suggests this growing market confidence. This activity aligns with a bullish outlook as seen through Elliott Wave analysis, predicting a potential breakout near $2.80. The increasing interest in XRP is also reflected in its official SEC application for an XRP Option Income ETF by AmplifyETFs, which could increase liquidity and accessibility for new investors.