CandleFocus

XRP Whales Buy Another 110M XRP, $6 Price Target Next?

Author: Content Editor
XRP whales have added 110 million XRP to their holdings in the past 24 hours, despite a decline in the cryptocurrency's price. Technical indicators suggest further price volatility, with analysts suggesting a move above the 50 RSI level could lead to a bullish recovery. Support and resistance levels are being closely watched, with a breach of the $2.3 support zone potentially leading to further selling pressure. However, if buying momentum strengthens, XRP could stage a recovery with potential targets at $3 and higher. Some market observers have speculated that XRP could reach $5.85 or even $6 if bullish conditions persist. Recent market turbulence and cautious investor sentiment surrounding RLUSD's launch have contributed to the price dip. The accumulation of XRP by significant whales during this dip has caught attention, but it is unclear if this signals an upward trend or further consolidation. Key levels at $2.3 and $2 will be important to watch in the coming days, along with potential resistance near $3 and beyond.

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