Recent buying activity by large investors, often referred to as 'whales', indicates a strong confidence in XRP's potential to reach $4.20 in the near future. Despite facing resistance at $2.95, the ongoing purchases suggest that these investors believe in a bullish trend for XRP, which could lead to significant price movements. This is important as it reflects the market's sentiment and could attract more attention to XRP, potentially influencing its value and trading volume.

In a surprising turn of events, XRP whales have purchased a staggering 120 million XRP in just three days, signaling strong confidence in the cryptocurrency's future. Despite a recent sell-off on September 25, XRP has shown resilience, maintaining its value while other cryptocurrencies struggled. This surge in whale activity could indicate a bullish trend, with some speculating that XRP might reach $5 soon. Such movements are crucial as they reflect investor sentiment and can influence market dynamics significantly.