XRP Whale Still Quietly Accumulating, Are They Waiting for a New Price Surge?

In the context of a volatile cryptocurrency market, XRP still stands out by maintaining stability at the important support level of $2.10. Data from Santiment shows that large investors (whales) have bought an additional 40 million XRP in just 24 hours, signaling the preparation for a new price increase from the Smart Money investor group. What Does Data Show? Despite the price has dropped 30% compared to recent highs, XRP still holds key technical support levels, demonstrating strength and investor confidence. Large accumulation periods from whales - like this one - in history often come with significant price jumps. According to analyst Ali Martinez, the continuous buying action of the whales reflects great expectations for the outstanding potential of XRP in the near future.

Opportunities from Technical Analysis Currently, XRP is trading at $2.22, surpassing the moving averages (MA) and exponential moving averages (EMA) at $1.96. This demonstrates stability and strong purchasing power at low price levels. However, if the support is lost at $2.13, the XRP price could face short-term downward pressure, but the price prospects still exist if the coin maintains its strength on key indicators. Once surpassing the resistance levels, XRP can potentially enter a phase of breakthrough growth.

Positive Signals for the Future The continuous gathering of whales shows confidence in XRP’s potential for breakthrough, despite market instability. If this trend continues, XRP could soon assert its leading position in the altcoin group, opening up strong growth opportunities for long-term investors. DYOR! #Write2Win $XRP #Write&Earn {spot}(XRPUSDT)

XRP2.73%
CHO0.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)