Mapping XRP’s road ahead – Bulls target $2.6, but THIS calls for caution!

Key Points

1. XRP gained 4.8% in 24 hours, maintaining an upward trajectory and breaking a bullish ascending pattern resistance level.

2. A whale transferred 24.54 million XRP (worth $60 million) to Coinbase, indicating a potential sell-off.

3. The number of XRP whale wallets (holding at least 1 million tokens) reached 2,742, just shy of the record, controlling 47.32 billion XRP collectively.

4. Spot investors initially sold $27.76 million worth of XRP but later made a net purchase of $2.45 million, reflecting mixed short-term activity.

5. The Open Interest Weighted Funding Rate remained positive at 0.0091% since June 28, signaling sustained bullish sentiment in perpetual markets.