Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip
07 Février 2025 - 7:30PM
NEWSBTC
XRP has shown resilience amid the market’s volatility and
uncertainty, standing strong as it rebounds from recent lows. The
price is now over 33% up from Monday’s low, signaling renewed
momentum and a potential push toward higher levels. Despite ongoing
turbulence in the broader crypto market, the price appears to be
regaining strength, with investors closely watching its next move.
Related Reading: Ethereum Trades Inside A Multi-Year Bullish
Pennant – Analyst Sees A Breakout Above $4K Top analyst Ali
Martinez shared on-chain data revealing a key trend that has
unfolded during this recent market dip. According to Martinez,
whales seized the opportunity, accumulating over 520 million coins.
This significant accumulation suggests that large investors remain
confident in XRP’s long-term potential and could be positioned for
a major price move in the coming weeks. With XRP recovering from
its recent lows and strong demand emerging at critical levels,
traders are now eyeing a breakout above key resistance zones. The
coming days will determine whether it can sustain its momentum and
extend its rally. If whales continue to accumulate, the price could
be setting up for a significant surge as market sentiment shifts
toward bullish territory. XRP Whales Prepare For A Rally XRP has
been one of the strongest-performing cryptocurrencies in the market
since last November, consistently holding key levels despite
volatility. As the broader market consolidates before the next big
move, XRP appears well-positioned to extend its rally. Analysts are
calling for a bullish cycle, citing technical and on-chain data
supporting a significant price increase in the coming weeks. Top
crypto analyst Ali Martinez recently shared key on-chain metrics on
X, revealing that whales took advantage of the recent market dip to
accumulate 520 million XRP. This large-scale buying activity
indicates strong confidence from institutional investors and
high-net-worth individuals who see XRP as a valuable asset in the
current market structure. While retail investors often panic and
sell during corrections, whales and institutions strategically
accumulate, setting the stage for a potential price surge.
Historically, whale accumulation during market downturns has been a
strong indicator of future rallies, as these large players tend to
position themselves ahead of major moves. The fact that XRP has
bounced over 33% from Monday’s low reinforces the idea that strong
hands are buying at key levels. Related Reading: Solana Could
Target $220 If It Holds Current Levels – Analyst Expects Short-Term
Bullish Momentum With the altcoin showing strength and buyers
stepping in at crucial levels, analysts believe a breakout above
supply zones is imminent. If the price continues to hold strong,
the next move could take the price beyond key resistance, pushing
it toward multi-year highs. The $2.70 and $2.90 levels remain
critical resistance zones and once cleared, XRP could enter a
parabolic phase. Price Holding Strong Amid Market Volatility XRP
has experienced significant volatility in recent days, with sharp
price swings shaking market sentiment. Currently, XRP stands at
$2.37, showing resilience despite recent market turbulence. Holding
above the crucial $2.30 support level is essential for maintaining
bullish momentum and initiating a recovery into higher supply
zones. This level has historically acted as a key demand area, and
if it holds, XRP could see a strong rebound. For bulls to regain
control and confirm a trend reversal, XRP must push above the $2.72
mark. This price level represents a key supply zone, and breaking
above it would signal short-term strength, allowing for a potential
rally toward higher resistance levels. If buyers step in with
strong volume, XRP could aim for a breakout above $3.00, setting
the stage for further price appreciation. Related Reading: Bitcoin
Support Sits At $90,6K Short-Term Holder Realized Price – Expert
Reveals Key Resistance Level However, if XRP fails to sustain
support at $2.30, bearish pressure could intensify, leading to a
deeper retracement. A drop below this level would likely send XRP
toward the psychological $2.00 mark, where buyers would need to
step in to prevent further downside. For now, all eyes are on
whether XRP can reclaim key levels and maintain its bullish
structure in the coming days. Featured image from Dall-E, chart
from TradingView
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