Followin' the public account: Lazy King Squirrel Ripple's XRP has hit a new high in 7 years, breaking through $3 after a few months of calm trading. This sudden surge has attracted market attention, with the price rising by 30%. What has driven this momentum? This trend is largely due to the hoarding of whales. Over the past two months, whales have snapped up $3.8 billion worth of XRP. To learn more about crypto-related knowledge and the latest frontier information, welcome to join my group; QQ: 3786051908 or follow the public account: Lazy King Squirrel, we have the most professional community, releasing daily market analysis and recommending quality potential coins. Whales drive the bullish breakthrough of XRP The amazing rise of XRP is largely due to whale activity. Blockchain analysis firm Santiment reported that whales have purchased 1.43 billion tokens in just two months. The surge in demand has allowed XRP to break through the 2021 cycle high of $3, laying the foundation for further upside. As of the time of writing, the price of XRP is $3.2, which is a critical level. This price point means that anyone who bought at the 2021 high is now at a breakeven point. However, the big question is whether XRP can continue to rise. Some analysts believe the next target could be $3.4, which would bring XRP closer to its all-time high. Potential cooling and key support levels The surge may attract profit-taking. If this happens, the price may first cool down before continuing to rise. The fair value gap (FVG) at $2.8 and the 50-day EMA at $2.5 may provide support for potential re-entry. Using the Fibonacci retracement tool, the next bullish target is at $4.3. However, the daily RSI has entered overbought territory, so a pullback is not unlikely. The liquidation heat map suggests a potential cooling. It shows liquidity pockets at $2.9 and $2.8, matching the FVG. These levels can serve as short-term support. On the positive side, liquidity has accumulated around $3.2. Short squeezes could push XRP higher, potentially surpassing its previous all-time high. As the market moves forward, keep a close eye on these key support and resistance levels.