Whales’ $600 Million XRP Accumulation To Drive Price Reversal | Airdrop Alert Pro

XRP has experienced a large number of price declines recently, largely due to the wider bearish market trends affecting major cryptocurrencies.

Nevertheless, whales have been accumulating a lot of XRP, which may indicate the possibility of a price reversal. Historical trends suggest that the rally may be coming.

XRP whales bullish on the future

Whale addresses holding between 10 million and 100 million XRP increased by 300 million XRP, totaling $609 million in the past few days. The accumulation occurs after these whales previously sold their shares when prices rose, locking in profits.

Now, with the market downturn, they are acquiring, marking a high level Confidence in XRP Future price changes.

The behavior of these whales demonstrates belief in the final price recovery. Their buying behavior is often a strong indicator of market sentiment, especially when it accumulates during the decline.

Relative Strength Index (RSI) For XRP, it is currently in the oversale area, which is a key technical signal. This is the first time that RSI has dropped to such a low level in seven months. Historically, such a decline has been a reversal XRP triggerthe last similar occurrence resulted in 47% of the gatherings.

The current RSI value indicates that XRP may exceed sales and can be corrected, which may cause a price rebound. Given that this past level has often occurred before past price increases, the likelihood of similar results has increased. If the trend continues, XRP may reach $2.98.

XRP price has a new goal

XRP is trading $2.03 has fallen 24% over the past week. Ripple tokens currently have support levels above $1.94. XRP attempted to violate resistance at $2.33 with the goal of shifting this level to support. If successful, this move will mark the beginning of a potential rally.

With technical indicators indicating a bullish reversal, XRP can target $2.33. Further movements beyond this level will bring it close to $2.70. Beyond this resistance will push the price to $2.95, which is in line with the goals suggested by RSI data and recent whale activity.

But, if XRP failed To violate $2.33 and maintain a merger below this level, the price may stall between $1.94 and $2.33. This will invalidate the bullish outlook and delay any potential recovery.