XRP price is showing signs of a potential rebound, driven by strong whale buying activity and promising developments in the crypto space. This trend comes amidst a decrease from its peak this week, with prices currently sitting at $2.33. Data indicates that whales continue to accumulate XRP, fueled by various catalysts such as ongoing negotiations between Ripple Labs and Circle regarding a potential acquisition of the latter. This deal would position Ripple as a major player in the stablecoin market, potentially making it the third most profitable crypto project after Tether (USDT) and Tron (TRX). urthermore, Circle’s recent stablecoin launch, RLUSD, has gained significant traction with over $313 million in market cap. On-chain data highlights another catalyst: growing demand from Wall Street for Ripple assets. Numerous companies have applied for spot XRP ETFs, outpacing Solana’s applications. Teucrium 2X XRP ETF, for instance, has seen over $106 million in inflows. 2X XRP ETF | Source: crypto.news CME Group recently launched a regulated XRP futures market, opening it up to US investors and potentially paving the way for ETFs tracking these futures. This momentum is further reinforced by increasing whale activity, as wallets holding between 1 million and 10 million tokens now hold over 6 billion XRP, while those with more than 100 million are accumulating over 9.74 billion. The recent bullish pattern also shows in the technical chart analysis, where the XRP price is wavering and has retested the 50-day Exponential Moving Average. An inverse head and shoulders pattern is forming, with a potential neckline at $2.5812 for further gains. If XRP breaks past this neckline, we could see more substantial growth towards its year-to-date high of $3.40. On the other hand, a drop below the psychological support at $2 would invalidate the bullish outlook. 2X XRP ETF | Source: crypto.news