Analysts are optimistic about XRP's price potentially reaching $4, as large investors, or whales, continue to accumulate the asset, generating a favorable price environment. An increase of 2% in XRP's price occurred after a dip following the significant sale of 50 billion XRP by co-founder Chris Larsen. Currently above $3, it’s crucial for XRP to maintain key support levels for the upward momentum to persist. The supply distribution indicates that addresses holding between 10 million and 100 million XRP have risen to a monthly peak of 8.31 billion, which mitigates selling pressure from these large holders and encourages retail investors. Additionally, a surge in new wallets on the XRP Ledger shows sustained demand. Analysts suggest that if XRP can defend its support around $3, it may break resistance levels and approach $4. They are closely watching price movements and highlight pivotal points, including a noted bounce off a demand zone and significant Fibonacci extensions that could lead to fresh highs soon.

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