#WhaleWatch
XRPUSDT
Perp
2.3983
+12.84%
immediate target:
XRP Breakout: XRP is showing signs of breaking beyond a downward resistance line that has held its price down since September, indicating a potential shift in momentum .
Price Targets: The immediate technical price target for XRP is around $3.40 .
Critical Resistance at $2: The $2 mark is identified as a crucial long-term resistance area for XRP, as it has repeatedly rejected the price since 2017. A sustained break above this level with weekly candles could trigger a significant long-term rally.
XRP to Gold Ratio: The XRP to gold ratio is currently oversold, suggesting that XRP is very cheap compared to gold. Historically, this has led to significant rallies for XRP against both gold and the dollar .
Whale Accumulation: "Mega whales" (wallets holding at least a billion XRP) have significantly increased their XRP holdings, adding $3.6 billion worth of XRP in the past 24 hours. This indicates that "smart money" is accumulating XRP, suggesting potential future gains.
