This XRP Whale’s Recent Action Shows Something Is Coming
Main Idea
A significant XRP whale's closure of a $5.68 million long position has sparked speculation about an impending shift in XRP's market trajectory, despite its strong fundamentals and recent legal victories.
Key Points
1. A crypto analyst reported a whale closing a $5.68 million XRP long position, raising questions about potential market shifts.
2. XRP's price is currently $3.52, with a market cap of over $208 billion and 24-hour trading volume exceeding $8.5 billion.
3. The whale's exit could signal profit-taking near a known resistance zone of $3.60–$3.70 or anticipation of a larger market move.
4. XRP's fundamentals remain strong, supported by Ripple's legal victory against the SEC, clarifying XRP's non-security status in secondary markets.
5. Technical analysis suggests XRP has broken out of a long-term triangle pattern, with potential price targets of $5.80 to $6.00.
Description
A major alert from well-known crypto analyst Steph Is Crypto has stirred the XRP community. In a post on X, he announced: “Breaking: Whale just closed a massive $5.68M XRP long. What does he know?” The move immediately caught the market’s attention, raising questions about whether this high-stakes decision signals an impending shift in XRP’s trajectory . XRP Price Update: Where Things Stand As of report time, XRP is trading at $3.52, after briefly reaching an intraday high of $3.62 and dipping a...
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