XRP Whale Buying Could Result In Aggressive Price Move To 4.20 XRP bulls saw their recent advance halted at the 2.95 price level, facing a firm rejection that prevented a test of the psychologically important 3.00 mark. This pullback, however, is not being interpreted as a sign of weakness by all market participants. On-chain data reveals that large-scale investors, commonly referred to as whales, have been steadily accumulating XRP during this period of consolidation. This persistent buying activity from deep-pocketed entities suggests a strong underlying confidence that the asset is poised for a much more significant upward move in the near future. Analysts monitoring the situation point to the consistent whale accumulation as a critical indicator. Instead of selling into the recent price strength, these major holders are adding to their positions, viewing any dip as a buying opportunity. This behavior often precedes a substantial price breakout, as it indicates that the most informed and capital-rich players are positioning themselves for a major rally. The lack of large-scale distribution at higher prices implies a belief that current valuations are merely a stepping stone to more ambitious targets. The key resistance level that traders are now watching is the recent high of 2.95. A decisive and sustained break above this barrier is considered the necessary catalyst for the next leg up. Should buyers manage to push the price above this point with conviction, technical analysis suggests there is little historical resistance until much higher levels. This could open the path for a rapid and aggressive price appreciation. Market technicians have identified the 4.20 zone as a plausible initial target if such a breakout occurs, a move that would represent a significant gain from current price points. Several factors are contributing to this optimistic outlook. The broader cryptocurrency market is showing signs of renewed vigor, which typically benefits major altcoins like XRP. Furthermore, the resolution of the multi-year legal battle between Ripple and the U.S. Securities and Exchange Commission has removed a massive overhang of uncertainty that had plagued the asset. This newfound regulatory clarity is seen as a long-term positive, making institutional and large-scale investors more comfortable with establishing and holding substantial positions. While the short-term price action is focused on the battle between bulls and bears at the 2.95 level, the underlying on-chain narrative tells a different story. The steady whale accumulation creates a foundation of strong support, potentially limiting any severe downside moves. This sets the stage for a potential explosive move if buying pressure continues to build and finally overwhelms the sellers at the key resistance. For market observers, the behavior of these large wallets will be a crucial metric to watch in the coming days and weeks. Their continued confidence could be the fuel needed to propel XRP toward the speculated aggressive price move to 4.20.
