📈 Whales Make a Move
XRP saw a massive spike in whale activity, with nearly 1 billion coins bought in 24 hours. This surge follows market stability and raises the question: Will this buying pressure push XRP past resistance?
💹 Price Action & Resistance
XRP is currently trading at $2.32, down 13%, fluctuating between $2.32 – $3.50. The RSI at 45.61 suggests room for upside. A breakout above $2.55 could trigger fresh buying interest and a rally.
📊 Daily Active Addresses Surge
Over 135,000 daily active addresses were recorded on March 4, reflecting growing market interest. Rising network activity often correlates with stronger price movements and could fuel XRP’s upward momentum.
💰 Derivatives Market Signals Volatility
Despite a 26% drop in volume, options activity is surging:
🔸 Options volume up 533%
🔸 Open interest up 326%
These numbers suggest traders are positioning for major price swings, potentially indicating an imminent rally.
🚀 Can XRP Break Out?
The whale activity, growing user engagement, and options positioning hint at a possible XRP breakout in the coming weeks. If buying pressure sustains, XRP could test higher resistance levels soon.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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