XRP's price surged to $3.10, representing a 30% gain over two weeks and its highest level in seven years. This rally is fueled by significant whale accumulation, with holdings increasing by 37.4% to 1.43 billion XRP tokens over the past two months.
Analyst Ali Martinez identifies a bullish pattern, the 'bull pennant formation,' forecasting a possible price target of $10. However, the cryptocurrency currently encounters resistance at the $3.00 mark.
This recent activity shines a spotlight on XRP's growing impact in the cryptocurrency space and its potential for further growth.