The post Reasons Why XRP Can Make Big Moves Before Christmas appeared on BitcoinEthereumNews.com.

XRP has been in the spotlight for many years. Sometimes for the Ripple Vs XRP case while the other for helping big banks making cross border payment. Many experts believe the suppression by the SEC has been the reason XRP did not get the attention it deserved. Now with changes in the US administration, XRP can make big moves before Christmas this year. Let’s dive in and understand how this is possible. XRP Whales Making Moves  When whales start shifting millions of XRP, people notice. Just this week, nearly 44 million XRP were moved in two large transactions. Here’s the interesting part: most of this wasn’t going to exchanges. Instead, 25 million XRP left Upbit, and another 18.8 million XRP was withdrawn from Binance, heading to private wallets. This suggests that major players are reducing their selling pressure, which often signals confidence in price increases. This kind of movement isn’t random. Big investors tend to act when they see potential. It’s like a chess game where every move hints at the next big play. Could these transfers mean whales are preparing for a year end rally? Strong Technicals Back the Buzz Recently, XRP has started to display its real potential by climbing 24% this week and a massive 181% over the past month. These aren’t just small spikes but the strongest gains since April 2021. Analysts point to a breakout from a symmetrical triangle pattern earlier this month as a signal for even more upside. The RSI is no doubt high at 85, which usually means the market is overbought. But in crypto, overbought conditions often come before explosive price moves. XRP is now eyeing its next resistance at $1.56, and breaking that could set the stage for a run toward $2.76. With broader market momentum pushing Bitcoin and other…

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Filed under: News - @ November 29, 2024 7:17 am