🐋 Whale Accumulation Signals Strength
Whales have purchased 60M XRP in the last 24 hours, but the price remains near $2.70, down 1%. Despite this, trading volume surged 22%, showing increased market interest.
📊 Bullish Technical Setup
XRP has formed a cup & handle pattern on the 4-hour chart. A break above $2.80 could trigger a 20% rally to $3.20. The 200 EMA is acting as support, reinforcing the uptrend.
💰 Traders Betting on XRP Upside
On-chain data from Coinglass shows bulls dominating long positions at $2.62 ($28M in longs), while shorts at $2.73 total $12.66M. These levels suggest strong support for a breakout.
🔮 Can XRP Rally Soon?
With whales accumulating, bullish patterns forming, and trader sentiment rising, XRP looks set for a potential breakout. A move above $2.80 could confirm the next leg up.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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