$XRP : Whales quietly collect goods, new price increase awaits?
Amidst a volatile crypto market, XRP has stood out as it remains stable at the key support level of $2.10.
Data from Santiment shows that large investors (whales) have purchased an additional 40 million XRP in just 24 hours, signaling preparation for a new price increase from the group of smart investors (Smart Money).
What does the data show?
Although the price has dropped 30% from its recent peak, XRP still maintains key technical support levels, demonstrating strength and investor confidence.
Large accumulation phases by whales - like this one - have historically been accompanied by significant price jumps.
According to analyst Ali Martinez, the continuous buying moves by whales reflect high expectations for XRP's superior potential in the near future.
Opportunities from technical analysis
Currently, XRP is trading at $2.22, surpassing the moving average (MA) and exponential moving average (EMA) at $1.96.
This indicates stability and strong buying power at lower price levels.
However, if it loses support at $2.13, XRP's price may face short-term downward pressure, but the bullish outlook remains if the coin holds above key indicators.
Once it surpasses resistance levels, XRP could fully enter a breakthrough growth phase.
Positive signals for the future
The fact that whales are continuously accumulating shows confidence in XRP's potential to break out, despite the market's instabilities.
If this trend continues, XRP could soon affirm its leading position in the altcoin group, opening up strong growth opportunities for long-term investors.