NewsBTC
Jan 21, 2025
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XRP Whales Accumulate Over 100 Million Tokens in 48 Hours

XRP is trading around $3.10, following volatility and a muted response to President Trump's inauguration, which lacked references to cryptocurrencies. This absence sparked short-term selling pressure.

Key insights include:

  • Whales acquired over 100 million XRP in 48 hours, indicating confidence in XRP's long-term potential.
  • XRP reached an all-time high last Thursday, the highest since January 2018, reviving bullish sentiment.
  • Strong technical and fundamental signals support optimism for XRP’s prospects.
  • Recent whale activity suggests preparation for further price increases.

Whales buy 100 million XRP in 48H

XRP is consolidating near new highs, with a critical support zone between $2.90 and $3.00. Holding above this range may lead to a bullish rally, with a significant breakout possible if it surpasses the $3.40 all-time high.

Price testing crucial demand above $2.90

Market sentiment remains optimistic as investors await further developments that could influence XRP's trajectory in the ongoing crypto rally.