The XRP market is currently witnessing one of the largest buying campaigns in the second half of 2026. In just 96 hours, major investors ("whales") absorbed around 1.54 billion XRP tokens from the market, valued at about $2.2 billion based on the current exchange rate. This massive buying volume has reignited hopes of the price reaching the $2 mark.
What do the data reveal?
Santiment analytics platform data shows a sharp jump in the balances of whale addresses, as they emerge from a prolonged period of stagnation to climb toward record levels within just a few days.
Technical pattern: inverse head and shoulders
The buying wave coincides with the formation of a rare technical pattern on today’s daily chart for the XRP/USD pair: an "inverse head and shoulders" pattern, with the following details:
- The defense zone: major investors have laid strong support around $1.33, forming the right shoulder of the pattern.
- Current base: the price is currently holding around $1.40, showing clear stability.
- The main barrier: the $1.55 neck line represents the key resistance in front of buyers.
What if the $1.55 barrier is broken?
On-chain trackers point to a large inflow of XRP to the Binance platform, which typically raises concerns because it usually signals a selling wave. But in this case, strong buy demand absorbs this supply entirely, as the coins are quickly withdrawn from exchanges to cold wallets for long-term holding—reducing sell pressure and limiting the risk of a sudden breakdown.
Conclusion
The fate of the big surge is now determined within the current price range. If bullish traders manage to secure a daily close above the $1.55 resistance, the bullish technical pattern will be confirmed, potentially paving the way directly for XRP toward the psychological $2 level.