XRP Price Shows Potential Upside as Whale Selling Drops and Buyer Demand Rises
Main Idea
XRP price shows potential upside due to a significant drop in whale selling and increasing buyer demand, with key resistance levels indicating a possible breakout towards $4.
Key Points
1. Whale-to-exchange flows for XRP have dropped by 93% since mid-July, reducing selling pressure and supporting price stability.
2. The Chaikin Money Flow (CMF) indicator shows a bullish divergence, signaling growing accumulation and potential early bullish momentum for XRP.
3. XRP is approaching a critical breakout level at $3.37; surpassing this could trigger a rally toward $3.62, $3.83, and potentially $4.
4. A breakdown below $2.96 would invalidate the bullish structure and delay upward momentum.
5. XRP’s recent 3% price increase is driven by reduced whale selling and rising accumulation, creating a favorable environment for price appreciation.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! XRP price surged
Latest News
- Ethereum Could See Continued Gains Despite High Holder Profits and Lower Accumulation Ratios2025-07-28 13:33:06
- TRON Inc. Files SEC Mixed Shelf Registration for Potential $1 Billion Fundraising2025-07-28 13:30:00
- BNB’s All-Time High May Boost Changpeng Zhao’s Holdings Above $75 Billion Amid Market Activity2025-07-28 13:28:40
- Ethereum Sees Record Inflows and Rising Dominance as Bitcoin Experiences Outflows in July2025-07-28 13:07:13
- CEA Industries Surges 452% on $500 Million Private Placement to Establish Largest Publicly Listed BNB Treasury2025-07-28 13:06:19