On-Chain Analysis: XRP Price Struggles to Break $2.50 Despite Whale Accumulation

XRP is showing strong signs of revival driven by massive institutional accumulation and a surge in new investor interest. However, the price is struggling to secure a critical level, which risks extending the current bearish phase.

I. On-Chain Metrics Confirming Accumulation and Demand

Despite a recent price drop, two key cohorts are actively accumulating the token, signaling long-term conviction: Whale Accumulation (Institutional Confidence): Large addresses holding between 10 million and 100 million XRP accumulated over 320 million tokens in the past four days, valued at more than $768 million. This significant buying activity often precedes market recoveries.Retail Demand Surge (New Investors): The number of new XRP addresses created surged by 226% over the last 48 hours, reaching 13,514. This indicates growing confidence among retail participants convinced of a short-term reversal potential.

II. Necessary Price Levels to Maintain Bullish Momentum

The current price action hinges on defending support and overcoming immediate resistance: Crucial Support to Hold: XRP is currently trading near $2.40, holding above the crucial support zone of $2.36. Maintaining this level is essential to keep the recovery attempt valid.Key Resistance to Break: The altcoin’s recurring challenge is breaking and securing $2.50 as a new support level. This threshold has repeatedly capped upside potential in recent weeks.

III. Potential Short-Term Price Targets and Downside Risk

The immediate outlook is centered on the $2.50 level: Potential Target: The accumulation efforts may help XRP rebound from $2.36 and successfully retest the $2.50 threshold. A sustained move above this resistance would confirm the recovery outlook.Downside Risk: If the bullish momentum weakens, failure to hold $2.36 support could push the price down to $2.28, which would invalidate the current recovery attempt and extend the bearish phase.

⚠️ Important Disclaimer

This analysis is for informational and educational purposes only and is derived from public market data and on-chain metrics. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors, including regulatory shifts and macroeconomic conditions. Past performance is not indicative of future results. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions. The author and publisher bear no responsibility for any financial loss incurred as a result of relying on the information presented herein.