🔥🔥 XRP Whale Moves $103M to Coinbase: Price Rebound Expected? 😱😱
👀 Whale activity boosts XRP’s bullish momentum amid recent price weakness.
XRP targets $3.84, supported by strong DMI and ADX bullish indicators.
Overbought RSI hints at possible retracement to $1.96 before another rally.
🌟 An unknown entity just transferred nearly 40 million XRP tokens (worth $103.18 million). X user Whale Alert said the XRP went to a wallet linked to Coinbase.
🌟 Price Prediction: XRP Targets $3.84
At press time, XRP grapples with resistance at the 78.6% Fibonacci retracement level—a zone often associated with possible market pullbacks. Nevertheless, a decisive daily close above this mark could propel the cryptocurrency toward its all-time high of $3.84, a mere 27.02% away from its current price.
🌟 Source: TradingView
The DMI indicator also shows this bullish narrative. The +DI at 57.7344 is higher than the -DI at 5.2130, which shows strong bullish dominance. The ADX reading of 45.5937 also shows the trend’s strength and momentum. Meanwhile, the RSI, at 82.05, shows heightened bullish conditions but could mean the price is overbought.
This duality suggests that while the bulls hold control, the possibility of a short-term correction cannot be ignored. Should a retracement occur, XRP could revisit the 2021 resistance-turned-support at $1.96—a potential safety net—before gearing up for its next upward surge.
