- Whales accumulated 130 million XRP tokens, impacting price expectations.
- XRP whales stabilize price above $3.04 support.
- Nature’s Miracle launches $20 million XRP treasury program.
Whales have accumulated over 130 million XRP within 24 hours, spurring bullish sentiment and price stability above the $3.00 mark, confirmed by on-chain data and analyst observations.
This whale activity has potentially positioned XRP for a significant rally, buoying sentiment despite declining trading volume and marking a critical moment for investor confidence.
Whale Activity in XRP
The sudden acquisition by crypto whales has seen the addition of 130 million XRP tokens. These transactions, verified by on-chain data, occurred over a 24-hour period. Analysts now predict XRP prices could potentially reach $3.82.
Key players involved are prominent wallets holding 10 to 100 million XRP. Analyst Ali confirmed that whales took advantage of a price dip. “Whales bought the dip, scooping up over 130 million $XRP in the past 24 hours!” Analysts including Ali, Crypto Analyst, highlight that trading activity suggests a stabilization above the $3.04 support level.
Market Trends and Implications
The cryptocurrency market experienced increased activity, with XRP’s price actions closely watched. Bullish sentiment dominates among major holders, while lower trading volumes were observed in decentralized and centralized exchanges.
Financially, the introduction of a $20 million XRP treasury program by Nature’s Miracle runs alongside these whale activities. Analysts emphasize potential short-lived rallies if the price remains above crucial support levels.
Technical Analysis and Market Speculation
Historical trends indicate whale-driven rebounds often trigger short-term rallies. Technical analysis shows key Fibonacci levels supporting potential price movements. The cautiously optimistic community follows whale movements, anticipating further market shifts.
Insights suggest whale activity might signal market repositioning, with no immediate ties to broader regulatory actions. The lack of correlated asset flows, like BTC and ETH, suggests XRP-focused strategies during this accumulation.
