XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th
- XRP is battling to reclaim its 50-day EMA at $2.198, with a breakout target up to $2.80.
- A $126M whale transaction could signal growing institutional interest and brewing volatility.
- Technical indicators like Bollinger Bands and MACD hint at an imminent strong move.
XRP has started showing signs of momentum shift after a relatively stagnant trading session. Trading at $2.19, XRP posted a moderate 6% gain over the past week while claiming a daily high of $2.22 in the past 24 hours.
According to CoinMarketCap data, XRP is now trying hard to break above its 50-day Exponential Moving Average (EMA), which sits right around $2.198. This is a key technical spot that could signal XRP’s next big price direction. Nearby, the 20-day EMA around $2.13 is acting as immediate support for the price.
Why Did $126 Million in XRP Move Off Bitstamp?
Adding to the interest, a huge amount of XRP was recently moved off the Bitstamp exchange. Reports, citing crypto tracking service Whale Alert via X reported that 57,304,617 XRP, valued at approximately $126.79 million, was transferred from Bitstamp to an unknown wallet.
The post XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th appeared first on Coin Edition.
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XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th
- XRP is battling to reclaim its 50-day EMA at $2.198, with a breakout target up to $2.80.
- A $126M whale transaction could signal growing institutional interest and brewing volatility.
- Technical indicators like Bollinger Bands and MACD hint at an imminent strong move.
XRP has started showing signs of momentum shift after a relatively stagnant trading session. Trading at $2.19, XRP posted a moderate 6% gain over the past week while claiming a daily high of $2.22 in the past 24 hours.
According to CoinMarketCap data, XRP is now trying hard to break above its 50-day Exponential Moving Average (EMA), which sits right around $2.198. This is a key technical spot that could signal XRP’s next big price direction. Nearby, the 20-day EMA around $2.13 is acting as immediate support for the price.
Why Did $126 Million in XRP Move Off Bitstamp?
Adding to the interest, a huge amount of XRP was recently moved off the Bitstamp exchange. Reports, citing crypto tracking service Whale Alert via X reported that 57,304,617 XRP, valued at approximately $126.79 million, was transferred from Bitstamp to an unknown wallet.
The post XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th appeared first on Coin Edition.
Read More