CandleFocus Ripple Whales Add $78M in XRP, Price Eyes $4.5 Mark
2024-12-17
Author: Content Editor
Prominent crypto expert announces that crypto whales have purchased 30 million XRP, worth $78 million, in the past 24 hours. This follows the acquisition of 920 million XRP tokens by whales from Binance. The significant buying pressure suggests potential upside momentum, especially with the upcoming launch of Ripple USD (RLUSD). XRP has seen a surge in price, trading at $2.65 with a 6.10% increase in the past 24 hours. Trading volume has also jumped, indicating heightened participation. Technical analysis suggests a breakout from a bullish flag and pole pattern, with a possibility for XRP to soar by 79% to reach $4.50 if it closes above $2.67. Market sentiment is bullish, and the asset still has room to grow according to the Relative Strength Index (RSI).
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