The number of XRP whale addresses hits record highs at 317,500, signaling accumulation. XRP price must surpass $2.59 resistance for a shot at $3. XRP rose 13%, hitting $2.48 on Monday, with potential for a trend reversal towards $3 in the near future.

XRP whales are optimistic about a rally, using recent dips to accumulate more tokens. Santiment reports a record high of 317,500 wallets holding at least 10,000 XRP. The decrease in XRP supply on exchanges from 6.12% to 3.9% in the past month suggests strong potential for price increase.

Ripple is planning a $1 billion Digital Asset Treasury. XRP’s price recovery forms a potential V-shaped pattern, needing to reclaim the 200-day SMA at $2.59. Resistance lies at $2.81 and $2.95, with a potential move towards $3.40. Bollinger Band width tightest since June, indicating a significant price move may be imminent.

Read more at Cointelegraph: XRP Whales Confident in a Price Rally to $3 as Exchange Balances Dwindle