XRP Analysis: See how whales move and how prices move
Where will XRP go next?
XRP is now selling for $1.1320, a bit lower than the 24-hour high of $1.1865, but the trading volume is huge, with 908.1 million XRP, equivalent to $1.03 billion. Whales have been active recently, and technical signals are mixed. Traders are staring at the charts to see how XRP will move next.
Key question: Can XRP break through the resistance level? Or will the price have to pull back once whales sell?
Whale movements are critical
The latest data shows that whales are running to exchanges frequently, and big players have made big moves:
Whale transactions: Once XRP is transferred to exchanges, the selling pressure is high. In the past, this situation had to be adjusted later. Whale flow: There are a lot of XRP transferred to exchanges, which is related to XRP approaching the $1.18 resistance zone.
What does this mean?
If more XRP is coming into the exchange, it usually means that whales are cashing out, and the price has to fall. On the other hand, if more is coming out (whales are moving to the OTC market), and the price is still rising, then it may be that the price is rising - a good thing!
Current price and technical analysis
XRP has been rising recently, but it looks a bit shaky.
How will XRP move in the short term?
Two possibilities:
Rise: If the trading volume is strong and the $1.20 resistance level is broken, it may rise to $1.25. If whales continue to sell, this will support this rise. Pullback: Whales are moving to the exchange, the selling pressure is high, and with the overbought signal, XRP may pull back to $1.10. If the selling is more intense, it may fall to $1.00.
Whale movement: The key to how XRP moves
Whales determine the movement of XRP. They transfer large amounts to the exchange, and the price usually moves. For example:
At the beginning of 2024, whales also moved in this way, and the price fell from $1.25 to $0.90. Conversely, when whales accumulate, the price usually rises.
Using platforms such as CryptoQuant to keep an eye on the movements of whales, you can see how XRP will move in advance.
How do traders deal with it?
Short-term traders:
Keep an eye on the support level: $1.10 must be held, and if it is held, it is a good opportunity for a rebound. Risk management: Set a stop loss order near $1.05, a safe point.
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