In the past month, XRP has seen an incredible 460% rise, reaching $2.8 on December 3, a level it hadn’t touched since 2018. After that, some investors sold their holdings to book profits, which caused the price to drop to $2.22 on December 5. However, during this dip, "whales" (large investors) bought XRP in bulk, stabilizing its price and setting the stage for another potential surge.
What Does the Technical Analysis Say?
According to my research, XRP could reach $5.26 in the next three days. This prediction is based on Fibonacci retracement levels. Historically, whenever XRP has broken through the 0.5 to 0.618 Fibonacci retracement zone, its price has risen sharply.
For example, last month, after crossing this level, XRP went from $1.46 to $2.9 in just three days. Now, XRP is at the same critical level, and there’s a strong chance it could repeat the same pattern and rally to $5.26.
The Role of Whales
One key factor supporting this surge is the behavior of large investors, or whales. During the recent price drop, whales bought 120 million XRP tokens worth $288 million.
1. This buying has prevented further price drops.
2. It has added liquidity to the market, which is crucial for the next price move.
This large-scale accumulation shows that big investors are confident about XRP’s future.
Will XRP Hit $5.26?
If XRP crosses the 0.618 Fibonacci level in the next three days, it could easily rally to $5.26. The current bullish momentum in the market and strong investor support make this highly likely.
Current Status
Right now, XRP is trading at $2.54. If you keep a close watch and invest at the right time, this could turn out to be a highly rewarding opportunity.
This analysis is based entirely on my research. I hope this information helps you understand XRP’s potential
and make informed decisions.
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