XRP Targets $15 Amid Whale Accumulation and Surge in Derivatives Activity
Main Idea
XRP is showing strong bullish momentum with a projected target of $15.35, driven by whale accumulation of 50 million coins and a surge in derivatives activity.
Key Points
1. XRP's bullish flag breakout projects a $15.35 target based on measured technical move.
2. Whales accumulated 50 million XRP after a legal settlement, signaling renewed market confidence.
3. Derivatives activity surged, with open interest up 20% and options volume rising over 1,300%.
4. Fibonacci retracement levels identify $2.67066 and $2.42493 as key support zones, with deeper support near $1.61092.
5. Analysts suggest that if XRP sustains current price levels and breaks above $3.35, momentum could accelerate toward double-digit territory.
Description
XRP is experiencing bullish momentum with a projected target of $15.35, driven by whale accumulation of 50 million coins and a surge in derivatives activity over 1,300%. XRP’s bullish flag
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