The post XRP Whale Activity Points to a Major Price Move Ahead appeared on BitcoinEthereumNews.com.

Learn how recent whale activity is driving speculation about a significant price move for XRP. Explore the key resistance levels and what could push XRP toward $4. The XRP market is heating up. Recent whale activity and technical patterns suggest that the XRP price could soon experience a big move. Let’s explore the latest XRP news and what readers should know about Ripple’s growing momentum. XRP: Large Whale Purchases Signal Big Expectations Whales are buying huge amounts of XRP, showing confidence in its future. Over 830 million XRP were purchased in just one day. On top of that, another 110 million XRP were bought within the last 24 hours. Such large-scale buying suggests that big players are preparing for a major market move. The XRP price USD is currently at $2.07, but it is approaching a key resistance level at $2.60. If the price breaks past this level, $20.50 million worth of short positions will be liquidated. This could drive the crypto XRP price higher. The next target for XRP coin could be $4 if momentum continues. Technical charts show a “bull flag” pattern, which is often a sign of a coming price increase. Holders are closely watching the XRP coin price as it nears this critical point. Many believe a breakout above $2.60 could start a strong upward trend. Whales continue to buy XRP stock, adding millions of tokens daily. Just recently, they purchased 30 million more XRP within 24 hours. This steady accumulation shows confidence in Ripple’s growing role in the crypto world. On-chain data also reveals that activity is increasing near key price levels. A heatmap of transactions shows strong interest in XRP Ripple at its current levels. If the price rises, this interest could turn into heavy buying. This would likely push the XRP crypto price…

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Filed under: News - @ December 23, 2024 9:25 am