XRP has demonstrated remarkable resilience amidst recent market volatility, rebounding strongly from its lows with a 33% price surge since Monday. This recovery signals renewed bullish momentum, as traders eye key resistance levels for a potential breakout.
Whale Activity Signals Confidence
Renowned analyst Ali Martinez highlighted on-chain data revealing 520 million XRP accumulated by whales during the market dip. This massive buy-in suggests:
- Institutional confidence in XRP’s long-term value.
- Strategic positioning ahead of a potential price surge.
- A historical pattern where whale accumulation precedes major rallies.
👉 Why XRP whales are betting big
Technical Outlook: Key Levels to Watch
Current Price: $2.37 (holding above critical $2.30 support).
Bullish Scenario:
- Break above $2.72** could trigger a rally toward **$3.00.
- Sustained whale demand may propel XRP to multi-year highs ($2.90 resistance).
Bearish Risks:
- Failure to hold $2.30** may lead to a retest of **$2.00.
Market Sentiment and Next Moves
Analysts note XRP’s strength amid altcoin volatility, with bullish technicals supporting:
- A potential parabolic phase if resistance breaks.
- Increased retail FOMO if whale activity continues.
FAQ
Q: Why are whales buying XRP now?
A: Whales accumulate during dips to capitalize on undervalued prices, anticipating future rallies.
Q: What price level must XRP hold to stay bullish?
A: The $2.30 support is crucial; losing it could signal bearish momentum.
Q: When might XRP enter a parabolic phase?
A: A clean break above $2.90 could trigger accelerated buying.
👉 How to track XRP whale movements
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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