The crypto market is buzzing again—and XRP is right in the spotlight. Despite a massive whale movement that initially spooked traders, optimism around Ripple's native token remains surprisingly strong. Let's break down what's happening and why analysts still see a big upside.
Whale Drops $355M Worth of XRP — Should We Be Worried?
A whopping 200 million XRP tokens (worth about $355.6 million) were transferred from a mysterious wallet to Binance.This large transfer triggered immediate selling pressure, pushing XRP down to $1.60.Moves like this often signal low confidence from whales, leading to short-term corrections.
XRP at a Crossroads: Boom or Bust?
Despite the bearish vibes, there's plenty of bullish energy in the air:
Teucrium’s 2X Long Daily XRP ETF was recently approved by NYSE Arca—big news that could drive demand.Popular analyst Dark Defender emphasized that the XRP monthly frame is still holding steady, saying:
“There is no change in our XRP Monthly Frame. $1.8815 is holding firm.”
Bearish Signals: A Breakdown Ahead?
Not all analysts are optimistic. Here's the flip side:
Crypto expert Ali Martinez warns that XRP could break below its head and shoulders pattern.If that plays out, we might see a dip to around $1.30—but only if the current support fails.Short-term outlook: bearish until XRP proves otherwise.
Can XRP Rebound? Analysts Still See Green
But hold on—there’s a silver lining:
CredibleCrypto believes XRP is forming a base between $1.61 and $1.79. This range could act as a strong demand zone.He suggests a ranging movement here would set the stage for a bullish reversal.
More insight from Casi Trades:
If XRP drops to around $1.55, it hits the 61.8% Fibonacci level, which could trigger a powerful bounce.She adds, “This could strengthen the bullish case for XRP's big April targets—$8 to $13 still stands.”
Key Levels to Watch: Could $2 Be the Next Stop?
To reclaim momentum and start the climb:
XRP must break out of the $1.97–$2.17 resistance zone.Further resistance lies at $2.72 and $3.70.If momentum builds, and news stays positive, XRP’s path to $2 and beyond is still very much in play.
Final Thoughts
Yes, the whale dump shook the market, but many signs still point toward a bullish future for XRP. Whether it hits $2 in the short term or $13 in the long term, all eyes are on how it behaves around key levels in the coming days.
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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.