XRP has seen significant whale accumulation, with the number of addresses holding at least 10,000 XRP reaching an all-time high of 332,230. This surge in whale activity coincides with a 19% price increase, bringing XRP to a three-week high of $1.50. Analysts note that breaking this resistance level is critical for further upward movement, potentially targeting $2.00. The XRP Ledger (XRPL) has also experienced a surge in activity, with monthly transactions reaching 71 million in April, up from 43 million the previous year, indicating robust institutional interest. The market sentiment remains bullish among larger investors, suggesting a long-term commitment despite short-term volatility. Analysts emphasize that a sustained break above $1.50 could lead to a significant price rally, with projections suggesting a possible rise to $2.40 if momentum continues.