The chart above shows that XRP price have been on a buying spree since mid-November when controversial SEC Chairman Gary Gensler confirmed his imminent exit. After a mild sell-off when XRP price topped out at $2.91 on December 4, crypto whales have capitalized on the ensuing market volatility to buy large amounts of XRP coins.

Since Dec 4, the whale cluster increased their balances from 4.58 billion XRP to hit 4.79 billion XRP at press time on Dec 11. Valued at current prices, this increase of 210 million XRP reflects that crypto whales invest another $494.2 million within the past week, capitalizing on the market volatility, and bullish sentiment surrounding the RLUSD stablecoin approval in New York.

When whale investors make surge large acquisition amid a market dip, the resultant market liquidity boost allows panic sellers to exit without causing major drag on prices. This partly explains why XRP price staged an early rebound above $2.40 on Tuesday while, outpacing other top-ranked assets like BTC, ETH.

XRP Price Forecast: $3 breakout ahead, if $2.60 resistance caves

XRP price appears poised for a bullish reversal towards $3 as technical indicators reflect improving market sentiment after the RLUSD stablecoin approval.

First, the Keltner Channels indicate that XRP faces significant resistance at $2.67. A decisive close above this level could confirm the start of a bullish continuation toward the psychological $3 milestone.

Further supporting the bullish case is the Bull-Bear Power (BBP) indicator, which has flipped green, showing stronger bullish pressure outweighing selling activity. This setup could attract strategic investors and short-term traders eyeing opportunities to capitalize on the upward trend.