Accumulation of whales and market confidence

The continued accumulation of whales is a strong support for the rise in XRP prices. According to Santiment’s data, since the beginning of this year, the addresses holding between 1 million and 10 million XRP have increased by 1.2%. The total holdings account for 9.44% of the supply. These whales did not choose to sell when the market fell to $1.60, but instead accumulated, showing confidence in future price increases. When large holders are positioned at lows, they inadvertently reduce selling pressure in the market, further consolidating price support, and also boosting retail investor confidence.

(Source: Santiment)

Open Interest (OI) and Trading Volume Trends

According to market data, the open interest (OI) of XRP’s futures contracts increased by 0.32% on May 7th, reaching $3.65 billion, indicating a slight increase in traders’ confidence in the market. However, the trading volume decreased by 17%, reaching only $3.9 billion, indicating that some investors are still in a wait-and-see attitude, waiting for a clearer direction from the market.

(Source: Cointelegraph)

Can XRP challenge $4?

As shown in the chart, if XRP can break through the yellow downtrend line and surpass the previous high of about $2.9, challenging $4 is not impossible. What’s more important is that if the US-China trade negotiations progress smoothly, combined with continued accumulation by whales and optimistic market sentiment, XRP is expected to see a bigger breakthrough by the end of May. However, there are still uncertainties in the market, and investors should carefully observe changes in support levels and whether trading volume can increase to verify the sustainability of the uptrend.

(Source: TradingView 2025.5.14)

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Conclusion

Whether XRP can reach $4 in May depends on whether the market support can be solidified first and whether the global economic situation can provide more momentum. In any case, the future trend of XRP is still full of highlights and worth investors’ continuous attention.