XRP Whales Accumulate 900 Million Tokens Amid Price Stability, Suggesting Potential for Future Breakout

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.