XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally
XRP has been range-bound in recent days, consolidating after successfully holding above the key $2.10 support level. One of the best-performing stocks this cycle, XRP has experienced a sharp rise following the U.S. election, attracting investors’ attention. However, recent price action has created uncertainty and has some investors worried about the possibility of further declines.
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Despite these concerns, on-chain data tells a different story. Insights from Santiment show that whales have accumulated an additional 40 million XRP in the past 24 hours. This significant accumulation suggests that Smart Money may be positioning itself for an upcoming rally. Historically, this type of whale activity precedes large price moves, providing a bullish signal to long-term holders.
XRP’s ability to maintain support at $2.10 It has shown resilience amid market volatility, but the next decisive move will depend on whether bulls can capitalize on this accumulation phase. If the buying momentum continues and XRP breaks out of the current range, a push to new highs is possible.
XRP continues to show strong signals
XRP continues to show resilience, trading above key support levels and attracting investors who recognize its long-term potential. Despite a sharp 30% retracement from recent highs, XRP has held its ground and maintained key support areas, underpinning the bullish outlook. This stability is boosting confidence among market participants, with many viewing altcoins as top contenders for future growth.
Top analyst Ali Martinez recently Highlights compelling data from Santimentshowing whales adding another 40 million XRP in the past 24 hours. This follows a broader trend of whales continuing to accumulate, a phenomenon often seen as an indicator that smart money is positioning itself for major market moves. Such activity suggests that institutional and high-net-worth investors expect XRP to outperform in the coming months.
Continued interest in XRP stems from its ability to remain strong despite recent corrections and broader market uncertainty. Holding above key support levels not only reflects technical strength but also highlights investor confidence in its potential for significant upside.
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As whales continue to accumulate and sentiment shifts, XRP is well-positioned to capitalize on the positive momentum. A break above the resistance could mark the start of a strong rally, cementing its leadership position among altcoins in the current cycle.
Technical Analysis: Key Levels to Watch
XRP is currently trading at $2.22 after successfully testing the 4-hour moving average (MA) and exponential moving average (EMA) around $1.96 a few days ago. The rebound from key support highlights XRP’s short-term strength, adding to its bullish momentum. The MA and EMA are widely considered key indicators for assessing the health of an asset, and XRP’s ability to remain above these indicators indicates strong demand at lower levels.
Holding support above $2.13 in the coming days will be crucial to sustain this momentum. If XRP continues to trade above this level, it will solidify investor confidence and pave the way for a potential test of $2.40 resistance. A break above $2.40 could spark additional buying interest, and XRP could push towards new highs as broader market sentiment improves.
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On the other hand, the loss of support at $2.13 could bring some short-term weakness, leading to a retest of lower levels near the MA and EMA. However, as long as XRP maintains its overall structure above these moving averages, the bullish narrative remains intact and the altcoin will likely continue to attract smart money in preparation for the next rally.
Featured image from Dall-E, chart from TradingView
