Ripple's XRP has seen a 6% rally in response to increased buying pressure from whales over the past two weeks. This surge could result in a move to $2.58, driven by growing institutional interest in an XRP exchange-traded fund (ETF) in the US. Data from CryptoQuant and Santiment shows a decline in XRP's exchange reserve, indicating rising buying pressure, mostly from whales who have increased their holdings by over 700 million XRP. XRP's price has seen significant gains since the US presidential election, but profit-taking along the way could exert downward pressure. In a press release, Bitwise announced the rebranding of its Europe-based XRP ETP, with Ripple as an investor. XRP has also witnessed $10.91 million in futures liquidations in the past 24 hours. XRP's price is currently trading within a channel, and a move above the upper trendline could see it surge to $2.58, while a move below the lower trendline could spark a 30% decline to $0.93.



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