XRP Price Analysis: $2.40 Breakout Could Trigger Major Rally as Whale Pressure Diminishes

Technical analysis indicates XRP is consolidating near the $2.40 resistance level. Market observers suggest a successful breakout above this critical price point could catalyze a substantial relief rally. The potential upward movement appears contingent on reduced selling pressure from large holders, commonly referred to as whales. Current market structure shows XRP building momentum for a possible bullish phase if key resistance levels are breached. Trading volume patterns and whale wallet activity remain crucial indicators for predicting the next significant price movement in the XRP market.