XRP Whales Accumulate 900 Million Tokens Amid Price Stability, Suggesting Potential for Future Breakout
Main Idea
XRP whales accumulated 900 million tokens in 48 hours, signaling strong market confidence as the price stabilizes around $3.19.
Key Points
1. XRP whales accumulated 900 million tokens within 48 hours during a period of price stability around $3.19.
2. Daily turnover exceeded $8.39 billion in the last 24 hours, indicating high market activity.
3. Analyst Joe Swanson noted an inverted hammer pattern on XRP's chart, suggesting a potential trend reversal, with RSI above 50 indicating bullish momentum.
4. Key price levels to watch: $3.38 and $3.66 for potential upside, and $2.81 (50-day moving average) as critical support.
5. As of writing, XRP trades at $3.15, reflecting a 4.28% weekly increase, with market participants closely monitoring support levels.
Description
XRP whales accumulated 900 million tokens in just 48 hours, signaling strong market confidence as the price stabilizes around $3.19. Wallets holding 100 million–1 billion XRP purchased 900 million tokens
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