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XRP’s recent recovery attempt was cut short after the altcoin failed to secure the $2.50 level as support once again.
XRP’s brief flirtation with a price surge has ended, succumbing to the gravitational pull of a slumping crypto market in the last 24 hours. Even with whales scooping up XRP, the token remains stubbornly earthbound, struggling to reignite a bullish spark.
XRP Whales Take The Charge Again
XRP awakens! A sleeping giant may be stirring. In the last 48 hours, a tidal wave of new investors – 13,514 strong – flooded the XRP market, a staggering 226% increase. Is this the spark that ignites a short-term rally? Retail investors are betting big, suggesting confidence is rapidly returning to the beleaguered token.
While fresh faces are dipping their toes into XRP, the current influx resembles a gentle stream rather than a tidal wave. The absence of a full-blown retail frenzy is holding XRP back from a true surge. Yet, the consistent uptick in investor engagement hints at a quiet, but growing, shift in market mood.
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Ethereum New Addresses. Source: Santiment
XRP’s sleeping giants are awakening. In a stunning four-day buying spree, whale wallets – those holding between 10 million and 100 million XRP – devoured over 320 million tokens. That’s a staggering $768 million bet placed on XRP’s resurgence. This massive accumulation, timed perfectly with XRP’s latest price bounce, suggests institutional players are not just dipping their toes in the water, they’re diving in headfirst.
Whispers from the deep: Whale wallets are bulging with XRP. This isn’t just any buying spree; it’s happening when markets need a lifeline. These strategic moves suggest a bullish long game for XRP, a beacon of stability amidst the altcoin storm. Are they betting on XRP to lead the charge in the next market surge?
Ethereum Whale Holdings. Source: Santiment
XRP Should Prepare For Recovery
XRP clings to $2.40, a tightrope walk above the $2.36 safety net. But $2.50 looms – an unbreakable ceiling that has repeatedly slammed the brakes on XRP’s upward ambitions. Will it finally shatter, or will XRP remain trapped beneath its glass cage?
XRP’s $2.50 defense crumbled, unleashing a price rollercoaster. But hope flickers: whales are loading up, and the retail crowd is joining the party. Can this buying frenzy catapult XRP back above $2.36 and reignite the battle for $2.50? Keep your eyes peeled; the next few trading sessions will tell the tale.
XRP Price Analysis. Source: TradingView
XRP’s bulls are tiring, and $2.36 is the last line of defense. Breach it, and the bears seize control, dragging the price down to $2.28. That level breaks the recovery’s back, plunging XRP deeper into the red.
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