XRP Breaks All-Time High with 330,000 Whale Wallets, Will it Break the $1.49 Barrier and Start a $2 Rally?

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As XRP (Ripple) shows strong support around the $1.45 mark, the number of wallets holding over 10,000 coins has reached an all-time high, capturing market attention with aggressive accumulation by whales.

According to TradingNews, an investment media outlet, on May 13 (local time), XRP (Ripple) is attempting a rebound between $1.42 and $1.46, overcoming Tuesday's decline. Santiment data shows that the number of wallets holding over 10,000 XRP has reached an all-time high of 332,230, a figure even higher than during the February crash, reflecting strong conviction among long-term holders. Open interest in the futures market has also rebounded 30% from its March low to $2.97 billion, supporting the recovery in investor sentiment.

The pace of institutional capital inflow is also encouraging. In the U.S. crypto spot ETF market, $25.8 million flowed in last Monday, followed by an additional $5.2 million on Tuesday, bringing the cumulative inflow since its launch in November last year to approximately $1.4 billion. As virtual asset investment infrastructure expands with BlackRock, Fidelity, and Charles Schwab launching Bitcoin and Ethereum trading services, the future passage of the CLARITY Act is expected to be a decisive factor in XRP's institutional adoption and large-scale capital inflows.

From a regulatory perspective, the full text of the CLARITY Act, disclosed by the U.S. Senate Banking Committee, has emerged as a key market variable. This bill aims to establish clear federal oversight standards for digital assets, including XRP, and the industry views it as the last chance to unlock institutional capital inflows. VanEck also identifies the XRP Ledger as a strong potential competitor to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the Depository Trust & Clearing Corporation (DTCC), highly valuing its technological superiority as an institutional settlement infrastructure.

Technically, XRP has broken upwards from a multi-week pennant pattern, forming a strong floor at $1.41. With the weekly Moving Average Convergence Divergence (MACD) histogram showing higher highs and maintaining a bullish bias, the key is whether it can overcome the strong resistance clustered between $1.48 and $1.51. If it breaks through this resistance with accompanying trading volume, an initial rally to $1.60, and long-term, a strong rally past the 200-day EMA at $1.71 to the $2.00 mark, is expected.

In conclusion, XRP stands at a major inflection point, achieving three key objectives: unprecedented whale accumulation, institutional spot ETF capital inflows, and securing regulatory clarity. Experts view a break above $1.49 as a definitive signal for a price surge, and Ripple's Q2 network update, scheduled for the end of this month, is expected to be an additional catalyst. Investors need to confirm support at $1.42 during intraday trading and prepare for volatility based on the CLARITY Act legislative process and macroeconomic indicators.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*