Whales Acquire 320 Million XRP Amid Market Rally
XRP is experiencing significant whale activity, with over 320 million tokens purchased by large holders in the last three days. This buying surge follows the US SEC's closure of its case against Ripple, which previously impacted XRP's price.
- XRP's current trading price is approximately $3.25, reflecting a 1% gain in the past 24 hours.
- Investor confidence has improved, resulting in an 8% price increase over the past week and an addition of over $14 billion to its market capitalization.
Analysts Eye $3.33 Breakout Level
- Crypto strategist Dark Defender identifies $3.33 as a key resistance level for XRP.
- A successful breach of this level may initiate further price increases toward $4.44 and $5.85.
- The relative strength index (RSI) is currently at 57, indicating strong buying momentum.
Bollinger Bands suggest bullish intent, while potential support levels lie around $3.12 and $2.85 if momentum fades. The MACD indicator hints at a possible bullish crossover near the zero line.
Snorter Bot (SNORT) Presale Picks Up Pace
- New project Snorter Bot ($SNORT) is gaining traction as a Telegram-based cryptocurrency trading assistant.
- The bot focuses on the Solana ecosystem and aims to simplify token management and trading.
- $SNORT token provides access to premium features, with a total supply of 500 million tokens.
- Current presale details include a token price of $0.1011 and funds raised amounting to $2.64 million.