Cryptocurrency, Ripple (XRP), has been rallying in the past two weeks despite the industry-wide correction. Whale investors have been collecting XRP coins in anticipation of further price gains, which have been backed up by market-value to realized-value (MVRV) data. Similarly, an increase in daily active addresses (DAA) signals a high demand for the underlying products hosted on the XRP Ledger blockchain network.

Ripple (XRP) price has gained 4.5% within two weeks, with whale investors adding 610 million XRP coins, worth roughly $287 million, to their holdings. The positive trend has been continued from the start of May, indicating that whales anticipate further profits. Market fundamentals remain solid, as illustrated by the increase in DAA, despite a 4% decrease in the price of XRP.

Additionally, investors are heavily supporting the $0.45 resistance level and currently sitting on 3% unrealized losses, meaning they would hold the coins until the price surges another 10% to reach $0.50. A break away of this mark could result in a prolonged rally up to $0.60.

On the bearish front, should XRP drop below $0.45, investors will likely provide bullish support to retain their loss position at 5% or below. Evidently, the bullish actions taken by whales and the increase in DAA suggest a positive XRP price prediction towards reclaiming $0.50.



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