XRP Price Gains Momentum as Whale Activity Surges Before Major Conference
- XRP price has rebounded by 5% from $1.28, establishing it as a key support level.
- Whale Flow on CryptoQuant has reached a 10-month high, with whales accumulating over 11 million XRP daily.
- Current XRP trading price is $1.34, with a daily low of $1.28 and high of $1.35.
- Spot XRP ETFs have reported over $41 million in net inflows in the current year despite a nearly 40% decline in XRP’s price over the past year.
- Ripple executives are attending the XRP Tokyo conference on April 7, focusing on institutional adoption and DeFi.
The surge in whale activity indicates bullish sentiment among large investors, while institutional skepticism remains amid geopolitical tensions. The upcoming conference in Japan highlights Ripple’s strategic focus on expanding XRP’s use cases within financial sectors.
With whales accumulating significant amounts of XRP and trading volume increasing by over 72%, the market may be poised for further movements around key resistance levels like $1.35.(Source)
