XRP Whales Accumulate 11 Million Tokens Daily Amid Regulatory Optimism

On-chain data indicates that large-scale XRP holders, or "whales," continue to accumulate over 11 million tokens daily, reflecting strong confidence in the asset's outlook. This trend was recently bolstered by a massive 20 million XRP purchase from the Upbit exchange by a single whale. Such aggressive accumulation follows positive regulatory classifications by the SEC and CFTC, alongside XRP's inclusion in Missouri's state reserves. Technically, liquidation heatmaps have identified key liquidity clusters at the $1.27–$1.28 and $1.35 levels, which may serve as critical zones for price action. Despite the network reaching over 8 million registered addresses, the price faces significant resistance at the $1.50 mark. Furthermore, persistent weak price performance has kept a large portion of the circulating supply in loss territory. While whale activity provides a solid support base, the $1.50 barrier remains the primary obstacle to translating structural growth into market gains.