Amid recent market volatility, XRP has shown remarkable resilience, rebounding over 33% from Monday’s low. On-chain data reveals that whales have seized this opportunity, accumulating a staggering 520 million XRP during the dip. This significant buying pressure from large investors suggests strong confidence in XRP’s long-term potential and could signal a major price move on the horizon.
As the broader crypto market consolidates, XRP appears poised for a breakout. Analysts are turning bullish, citing strong technical and on-chain indicators that point toward a significant price surge in the coming weeks. The accumulation by whales and institutions during this correction reinforces the notion that smart money is positioning for a potential rally.
Currently trading at $2.37, XRP is testing a crucial support level at $2.30. If this level holds, it could serve as a springboard for a strong recovery. However, for bulls to confirm a trend reversal, XRP needs to decisively break above the $2.72 resistance zone. A sustained move above this level, backed by strong volume, could open the doors for a rally toward $3.00 and beyond.
On the flip side, a break below $2.30 could invite further selling pressure, potentially leading to a retest of the psychological $2.00 mark. As the market watches XRP closely, the next few days will be crucial in determining whether the bulls can maintain their grip and push prices higher.
✅ Trade XRP with up to 100x Leverage on Defx
Don’t miss out on the potential XRP rally! Trade XRP perpetual contracts with up to 100x leverage on Defx, the leading decentralized exchange on Solana.
Tags: XRP, Whales, Accumulation, Market Dip, Technical Analysis, On-Chain Data, Crypto Market
Source: NewsBTC