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XRP, the native token of Ripple Labs, appears bullish and has successfully confirmed its breakout. On January 11, 2025, XRP broke out of a bullish flag and pole price action pattern. However, due to market uncertainty, it experienced a minor correction but managed to hold above the breakout level of $2.40.
Rising Whales Transactions on XRP Network
However, with significant attention from long-term holders and whales, XRP has breached its strong resistance level of $2.60, which it has been facing since December 7, 2024.
Reason Behind XRP Price Rally
Today, January 15, 2025, a prominent crypto expert posted on X (formerly Twitter) that whale transactions exceeding $1 million on the XRP network have been continuously rising. According to on-chain analytics firm Santiment, these large transactions have occurred over 341 times in the past 24 hours, which might be driving today’s significant price ral
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