XRP Price Prediction: Whales Bought 70 Million XRP This Week as Options Volume Explodes 1,005%
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On-chain data shows whales accumulated 70 million XRP over the past seven days and XRP flashed a monthly TD Sequential buy signal while options volume surged 1,004.79% to $28.53M, with the daily descending wedge at its apex suggesting an imminent breakout. XRP traded at $1.1132 on July 16, holding above the 20-day EMA and the $1.48B spot ETF base remained intact despite zero net inflows in the first three days, indicating bullish technical and options-driven momentum for the crypto token and potential adoption upside.
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- On-chain data shows whales accumulated 70 million XRP over the past seven days, per analyst Ali Charts
- XRP flashed a monthly TD Sequential buy signal, a rare long-timeframe setup that has preceded major moves historically
- Options volume surged 1,004.79% to $28.53M as the descending wedge on the daily chart converges at current price
XRP trades at $1.1132 on July 16, up 0.04%, holding just above the 20-day EMA as whale accumulation, a monthly TD Sequential buy signal, and an options market suddenly awake all point in the same direction. Spot ETFs recorded zero net inflows in the first 3 days of this week, but the $1.48B cumulative base has held steady even as daily flows went quiet.
The Descending Wedge Is At Its Apex And A Move Is Overdue
The daily chart shows XRP edging slightly above the upper trendline of the desce…
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