The post XRP Price Nears Breakout To ATH As Whales Move $329M appeared on BitcoinEthereumNews.com.

XRP price, despite a corrective phase in recent days, is projected to rally to a new all-time high after forming a bullish pattern. The cryptocurrency has fluctuated between an intra-day high of $2.48 and a low of $2.36 in the past 24 hours. At the time of writing, XRP price stands at $2.35, marking a 3.52% decline from a critical resistance point. Amid this bearish movement, significant whale activity has sparked rally speculation to a new ATH in the market. XRP Whale Transfer to Coinbase Fuels Rally Speculation A massive XRP transfer caught the attention of analyst as approximately 39.43 million XRP, worth around $95.5 million, was moved from an unknown wallet to Coinbase. The transaction has raised questions about potential large-scale sales, which could affect market liquidity. Concurrently another whale has transferred over 99,999,980 million XRP valued at $234,448,405 from an unknown wallet to an unknown wallet. Subsequently, whale transfers of this size are often seen as potential market-moving events, especially when directed to major exchanges like Coinbase. These movements align with ongoing bullish expectations for XRP price, as crypto analysts highlight that it is trading just below a key resistance level of $2.52. If this barrier is broken, the stage may be set for a bullish phase, supported by recent whale activity and technical analysis patterns. XRP Price Technical Analysis Points to New ATH The current outlook for XRP price is influenced by the development of a bull flag pattern. Ali, a crypto analyst, noted that while XRP may see a brief correction, a potential breakout above $2.46 could send the price toward the $4 range. This projection comes amid reports that the TD Sequential indicator, which has shown a sell signal on the 4-hour chart, could mean a short-term price decline before an upward move. Adding to…

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Filed under: News - @ December 13, 2024 6:12 am