XRP Price Update: Bulls in Control as Ripple Whales Accumulate 🐋
Ripple’s XRP price is on track to meet the bullish target set by a triangle pattern, with strong support from XRP holders driving the momentum.
Ripple Whales Buying Spree
– Accumulation by addresses holding 1 million to 10 million XRP
– Over 90 million tokens worth $48 million purchased in past week
– Total holdings now at 3.7 billion XRP
– Whale activity likely to impact price movement significantly
XRP Price Prediction: Upside Potential
– XRP currently trading at $0.54, bouncing off support at $0.51
– Symmetrical triangle breakout points to a 27% rally to $0.65
– Resistance levels at $0.57 and $0.62 need to be flipped to support for further gains
– Support level breach could lead to a drop to $0.47 or potentially $0.42 if critical levels are breached
Hot Take: Stay Bullish on XRP 🚀
With Ripple whales accumulating and retail investors showing increasing interest, XRP’s price is poised for further upside in the near future. Keep an eye on key support and resistance levels to gauge the potential direction of the altcoin’s price movement. Happy trading! 📈🚀
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