XRP Bulls Eye Breakout as Whales Scoop Up 1.2B Tokens
- Whales holding 100M–1B XRP bought over 1.2B tokens worth nearly $3.8B in just four days, signaling strong confidence.
- XRP trades at $3.13, sitting 16.8% below its ATH of $3.66, with $3.41 as the key resistance to flip for a bullish breakout.
- Over 95% of XRP’s supply is in profit, historically a market-top signal, but past resilience suggests a potential push higher.
XRP’s price has wobbled slightly over the past few days, but it’s still hovering near a major resistance point that could set the stage for a big move. While over 95% of its circulating supply is now in profit — often a sign of a market top — whales aren’t slowing down. In fact, they’ve been buying aggressively, signaling strong confidence despite the mixed signals.
Whale Accumulation Fuels Optimism
Over just four days, wallets holding between 100 million and 1 billion XRP have snapped up more than 1.2 billion tokens, valued at around $3.8 billion. This surge in holdings suggests that large investors see upside potential and are quietly building positions while prices remain below the all-time high. The recent dip likely triggered FOMO among these whales, pushing them to load up ahead of a possible rally.
Key Levels to Watch
XRP is trading at $3.13, roughly 16.8% shy of its $3.66 ATH. The first big hurdle sits at $3.41 — if that level flips into support, a push toward the ATH becomes more likely. But the flip side is just as important: failure to hold momentum could send the price down to $2.95 or lower, challenging the bullish setup. The tug-of-war between whale accumulation and broader market sentiment will likely decide which path XRP takes next.
The post XRP Bulls Eye Breakout as Whales Scoop Up 1.2B Tokens first appeared on BlockNews.
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XRP Bulls Eye Breakout as Whales Scoop Up 1.2B Tokens
- Whales holding 100M–1B XRP bought over 1.2B tokens worth nearly $3.8B in just four days, signaling strong confidence.
- XRP trades at $3.13, sitting 16.8% below its ATH of $3.66, with $3.41 as the key resistance to flip for a bullish breakout.
- Over 95% of XRP’s supply is in profit, historically a market-top signal, but past resilience suggests a potential push higher.
XRP’s price has wobbled slightly over the past few days, but it’s still hovering near a major resistance point that could set the stage for a big move. While over 95% of its circulating supply is now in profit — often a sign of a market top — whales aren’t slowing down. In fact, they’ve been buying aggressively, signaling strong confidence despite the mixed signals.
Whale Accumulation Fuels Optimism
Over just four days, wallets holding between 100 million and 1 billion XRP have snapped up more than 1.2 billion tokens, valued at around $3.8 billion. This surge in holdings suggests that large investors see upside potential and are quietly building positions while prices remain below the all-time high. The recent dip likely triggered FOMO among these whales, pushing them to load up ahead of a possible rally.
Key Levels to Watch
XRP is trading at $3.13, roughly 16.8% shy of its $3.66 ATH. The first big hurdle sits at $3.41 — if that level flips into support, a push toward the ATH becomes more likely. But the flip side is just as important: failure to hold momentum could send the price down to $2.95 or lower, challenging the bullish setup. The tug-of-war between whale accumulation and broader market sentiment will likely decide which path XRP takes next.
The post XRP Bulls Eye Breakout as Whales Scoop Up 1.2B Tokens first appeared on BlockNews.
Read More