XRP Targets $3 as Whale Wallet Count Hits Record Highs

XRP has shown strong recovery momentum after weeks of decline, emerging as one of the day’s top-performing cryptocurrencies. The altcoin rebounded to $2.43, marking a 13% rise from Friday’s low of $2.18, fueled by increased whale activity and a shrinking exchange supply.

According to Santiment, the number of wallets holding at least 10,000 XRP has surged to an all-time high of 317,500, signaling heavy accumulation by large holders. “The amount of mid to large stakeholders continuing to grow is a good long-term sign,” Santiment said.

Market data  shows that XRP’s supply on centralized exchanges has dropped from 6.12% to 3.9% in the past month  a strong indicator of reduced sell pressure and growing confidence in XRP’s long-term value.

Crypto analysts suggest XRP could retest its $3 target, provided it breaks the key $2.59 resistance, which aligns with the 200-day Simple Moving Average (SMA). A close above $2.65 on the 3-day timeframe would confirm a bullish breakout, potentially completing a V-shaped recovery pattern with an upside target near $3.40.

Meanwhile, Ripple’s reported plan to build a $1 billion Digital Asset Treasury could further strengthen XRP’s ecosystem and market outlook.

With record whale accumulation, declining exchange supply, and bullish technical patterns, XRP appears poised for a potential breakout toward $3 and beyond  provided it sustains momentum above key resistance levels. The coming days will be crucial in determining whether this marks the start of a new bullish phase for the token.

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