#加密市场盘整
Ripple whale is generous! US$78 million in XRP holdings, pointing to the US$4.5 mark!
XRP price has soared, reaching $2.6, with top analysts predicting it will not fall below $2
Ripple Labs’ native token XRP has been making a splash in the cryptocurrency market recently, attracting the attention of many crypto whales.
Ripple whale spends $78 million to increase XRP holdings
Just today, December 18, 2024, a well-known encryption expert broke the news on social media that a crypto whale spent $78 million in the past 24 hours to purchase 30 million XRP.
According to CoinPedia's report on December 16, 2024, before this massive increase in holdings, the whale also acquired 920 million XRP on Binance. Such a large-scale purchase not only brings an excellent buying opportunity to the market, but also indicates XRP’s upside potential in the coming days.
It is worth noting that this significant XRP purchase occurred before the launch of Ripple USD (RLUSD), directly driving the XRP price surge.
XRP current price trend is strong
Currently, XRP is trading close to $2.65, up more than 6.10% in the past 24 hours. At the same time, trading volume also increased by 41%, showing the enthusiasm among investors and traders following the whale accumulation and the launch of RLUSD.
As a result, market sentiment turned bullish, forming a sideways trend.
XRP technical analysis: expected to hit $4.5
According to expert technical analysis, XRP has broken out of the bullish flag and extreme price action patterns on the daily time frame. If XRP’s daily closing price can be higher than $2.67, it is likely to surge to $4.50 in the future, an increase of up to 79%.
This breakout is viewed as a potential buying opportunity for trading and investing. Furthermore, XRP’s relative strength index (RSI) currently stands at 66, which is still in non-overbought territory, further indicating that the asset still has plenty of room to rise.
In the next layout direction, I will take everyone to aim at the huge profit opportunities of copycats, especially those projects with great potential. It is no problem to have an expected space of more than 10 times. If you want to make big money in the bull market, like + leave a message, I will guide you Lay out the entire bull market together!
