XRP Whales Load Up $345M—But Will Technical Divergence Halt the Rally?
- Whales bought 120M XRP ($345M) in 72 hours, signaling strong accumulation at current prices.
- XRP faces resistance at $2.93, $3.10, and $3.30, with bearish divergence still active on the weekly chart.
- Bitcoin’s next move will heavily influence whether XRP clears $3 or faces another rejection.
XRP is making another attempt at cracking the $3 barrier, fueled by heavy buying from big holders. Data shared by analyst Ali Martinez shows that whales have scooped up over 120 million XRP in just 72 hours—a haul worth roughly $345 million at current prices around $2.88. That kind of accumulation doesn’t happen by accident. It’s a strong signal that institutional players and long-term holders see real value at these levels, even as warning lights flicker on the charts.
This latest wave of buying also comes as XRP continues to defend its $2.70–$2.80 support zone, an area that has acted like a springboard for rallies in past cycles. The battle between bullish accumulation and lingering technical caution has now placed XRP at a pivotal moment.
Key Price Levels to Watch
On the daily chart, immediate resistance sits near $2.93, where XRP has already started showing signs of hesitation. If bulls can break through that line cleanly, the next logical targets sit at $3.10–$3.15, followed by a tougher ceiling near $3.30–$3.35. A move above those zones would go a long way in confirming a new leg higher.
On the flip side, the weekly chart is still flashing a bearish divergence that has been active since July. Analysts point out that momentum indicators haven’t kept pace with price action, raising concerns that a deeper correction could still be in play unless XRP decisively invalidates that setup.
Market Context and Bitcoin’s Influence
Like most altcoins, XRP’s short-term direction is tethered to Bitcoin’s performance. If BTC keeps grinding higher, XRP should follow—though it tends to lag behind. The risk comes if Bitcoin dominance starts climbing too fast, which could suck liquidity out of altcoins and cap XRP’s upside potential.
That’s why traders are watching both the XRP chart and Bitcoin’s next move. The interplay between the two could decide whether XRP finally clears $3 or stalls again.
What’s Next for XRP?
The stakes are high. Whale accumulation clearly tilts the short-term sentiment in XRP’s favor, but the looming resistance zones and technical divergences can’t be brushed aside. At $2.88, XRP sits right in the middle of bullish optimism and cautious skepticism. The coming days will likely decide whether this accumulation wave translates into a sustained breakout above $3—or just another rally cut short.
The post XRP Whales Load Up $345M—But Will Technical Divergence Halt the Rally? first appeared on BlockNews.
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XRP Whales Load Up $345M—But Will Technical Divergence Halt the Rally?
- Whales bought 120M XRP ($345M) in 72 hours, signaling strong accumulation at current prices.
- XRP faces resistance at $2.93, $3.10, and $3.30, with bearish divergence still active on the weekly chart.
- Bitcoin’s next move will heavily influence whether XRP clears $3 or faces another rejection.
XRP is making another attempt at cracking the $3 barrier, fueled by heavy buying from big holders. Data shared by analyst Ali Martinez shows that whales have scooped up over 120 million XRP in just 72 hours—a haul worth roughly $345 million at current prices around $2.88. That kind of accumulation doesn’t happen by accident. It’s a strong signal that institutional players and long-term holders see real value at these levels, even as warning lights flicker on the charts.
This latest wave of buying also comes as XRP continues to defend its $2.70–$2.80 support zone, an area that has acted like a springboard for rallies in past cycles. The battle between bullish accumulation and lingering technical caution has now placed XRP at a pivotal moment.
Key Price Levels to Watch
On the daily chart, immediate resistance sits near $2.93, where XRP has already started showing signs of hesitation. If bulls can break through that line cleanly, the next logical targets sit at $3.10–$3.15, followed by a tougher ceiling near $3.30–$3.35. A move above those zones would go a long way in confirming a new leg higher.
On the flip side, the weekly chart is still flashing a bearish divergence that has been active since July. Analysts point out that momentum indicators haven’t kept pace with price action, raising concerns that a deeper correction could still be in play unless XRP decisively invalidates that setup.
Market Context and Bitcoin’s Influence
Like most altcoins, XRP’s short-term direction is tethered to Bitcoin’s performance. If BTC keeps grinding higher, XRP should follow—though it tends to lag behind. The risk comes if Bitcoin dominance starts climbing too fast, which could suck liquidity out of altcoins and cap XRP’s upside potential.
That’s why traders are watching both the XRP chart and Bitcoin’s next move. The interplay between the two could decide whether XRP finally clears $3 or stalls again.
What’s Next for XRP?
The stakes are high. Whale accumulation clearly tilts the short-term sentiment in XRP’s favor, but the looming resistance zones and technical divergences can’t be brushed aside. At $2.88, XRP sits right in the middle of bullish optimism and cautious skepticism. The coming days will likely decide whether this accumulation wave translates into a sustained breakout above $3—or just another rally cut short.
The post XRP Whales Load Up $345M—But Will Technical Divergence Halt the Rally? first appeared on BlockNews.
Read More