XRP / TetherUS

$500 Million XRP Accumulation To Drive 15% Price Rise to ATH

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XRPUSDT is currently trading at $3.20, which places it 14% away from reaching its ATH of $3.66. The support at $3.38 is crucial, and securing it could lead to further gains.

XRPUSDT has been seeing significant inflows in the past three days. Over 163 million XRP, worth around $519 million, have been accumulated by investors. This buying surge suggests that a wave of optimism is returning to the market, signaling that investors are positioning themselves for a potential price increase.

If XRPUSDT can reclaim support at $3.38, it will be well-positioned to push past its ATH and reach new highs. This would mark a significant milestone for the altcoin, setting the stage for further price gains.

However, should the investor sentiment shift and selling pressure increase, XRPUSDT could face a decline. If the price falls below $3.00, it could slide to $2.96 or lower, invalidating the bullish thesis.

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