Ripple's XRP has recently surpassed key resistance levels, fueled by significant whale accumulation. Large holders have purchased around 500 million XRP in the last ten days, worth over $330 million. Santiment data shows XRP is now the second-highest trending cryptocurrency with over 55% positive sentiment, likely driven by a recent price rally.

XRP broke past resistance at $0.58 and $0.57, climbing over 7% in the past three days to trade around $0.65, its first retest since March. However, it remains uncertain if the token can sustain this momentum beyond $0.6, a historically challenging level.

Ripple's 30-day MVRV ratio surged from 3.7% to 12.53% in late September, indicating many holders, especially whales, are sitting on substantial profits. This spike hints at short-term overvaluation, suggesting a potential market correction may follow.