XRP Jumps Above Ichimoku Cloud. Is ATH Next?
2025-07-09 19:37:16
Main Idea
XRP's price has surged above the daily Ichimoku Cloud, indicating potential bullish momentum, but volume remains insufficient to confirm strong upward movement. Whales holding large amounts of XRP could push the token toward a new all-time high.
Key Points
1. XRP broke out of its long-term descending triangle and surged above the daily Ichimoku Cloud, signaling a potential bullish trend.
2. The XRP price reached $2.40, the highest level in recent trading, but trading volume is not strong enough to confirm sustained momentum.
3. Whales holding at least 1 million XRP tokens reached a record high of 2,742 wallets, which could drive the price toward a new all-time high.
4. XRP's previous all-time high was $3.40, achieved over seven years ago, and the token has come close to surpassing it earlier this year.
5. Technical indicators suggest that maintaining above $2.30 is crucial for XRP to sustain its upward momentum.
Description
XRP's technical picture looks increasingly rosier as whales show a lot of confidence in the token
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