Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip
XRP shows resilience in market volatility and uncertainty as it rebounds from its recent lows and is robust. Prices are now above 33% from Monday’s low, indicating a renewed momentum and a possibility of moving towards higher levels. Despite the continued turmoil in the wider cryptocurrency market, prices appear to be returning to strength, and investors are closely watching the next move.
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Top analyst Ali Martinez shared data on the chain, revealing key trends that have emerged during the recent market decline. According to Martinez, the whale seized the opportunity and accumulated more than 520 million coins. This significant accumulation shows that large investors remain confident in the long-term potential of XRP and can move positioning at major price shifts in the coming weeks.
XRP recovers from its recent lows, Strong demand emerges At key levels, traders are now focusing on breakthroughs above the key resistance zone. The days that follow will determine whether it can maintain its momentum and expand the rally. If whales continue to accumulate, prices may increase significantly as market sentiment shifts to bullish territory.
XRP whale prepares for rally
XRP has been one of the most powerful cryptocurrencies on the market since November last year, maintaining a critical level despite volatility. As the broader market consolidates before the next big move, XRP appears to be good and can expand its rally. Analysts called for a bullish cycle, citing technology and on-chain data, to support a sharp price increase in the coming weeks.
Top crypto analyst Ali Martinez recently shared a secret key Chain indicators on Xreveals that whales have used the recent market decline to accumulate 520 million XRP. This massive buying activity shows that institutional investors and high net worth individuals have great confidence in view of XRP as a valuable asset in the current market structure. While retail investors often panic and sell during corrections, whales and institutions have accumulated strategic approvals, laying the foundation for potential price increases.
Historically, whale accumulation during market downturns has been a strong indicator of future gatherings as these large players tend to position themselves ahead of major actions. The fact that XRP bounced over 33% from Monday’s lows reinforces the idea of strong hands buying at key levels.
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As Altcoin shows strength, buyer intervention is crucial to the level, analysts believe a breakthrough in the supply zone is about to happen. If prices continue to remain strong, the next step could push prices beyond key resistance, pushing them to multi-year highs. The $2.70 and $2.90 levels remain key resistance areas, and once cleared, XRP can enter the parabolic phase.
Prices are strong amid market fluctuations
XRP has experienced significant fluctuations in recent days, and price fluctuations have shocked market sentiment. Currently, XRP is priced at $2.37, and despite recent market turmoil, XRP has shown resilience. Staying above the critical $2.30 support level is crucial to maintain bullish momentum and restore higher supply areas. Historically, this level has been a key area of demand, and if established, XRP may see a strong rebound.
To get the Bulls back into control and confirm a trend reversal, XRP must push above $2.72. This price level represents a critical supply zone, and beyond it will mark short-term strength, allowing for rallies to higher resistance levels. If buyers are strong, XRP can break the $3.00+ breakthrough, laying the foundation for further price appreciation.
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However, if XRP fails to maintain support at $2.30, bearish pressure may intensify, leading to a deeper retracement. A drop below this level may send XRP to the psychological $2.00 mark, and buyers need to step in to prevent further disadvantages. At the moment, everyone’s eyes are focused on whether XRP can recover from key levels and maintain its bullish structure in the coming days.
Featured images from DALL-E, charts from TradingView
