XRP Whales Accumulate $2 Billion in 3 Days: Breakout or Bull Trap?
The accumulation of $2 billion by XRP whales in 3 days can be seen as a positive sign in the short term, but it has also raised doubts about the sustainability of this trend. In a market currently experiencing volatility, this increase in XRP accumulation occurs against the backdrop of the cryptocurrency having just completed a strong price surge, which may lead to profit-taking by earlier investors.
XRP has experienced long-term growth, but it has also recently recorded a correction, with the price dropping about 18% after reaching a peak of $2.9. The presence of factors such as profit-taking activity and the possibility that the price may not break through resistance levels could indicate that this is more of a "bull trap" than a true "breakout."
Although whales are accumulating, the continuation of sustainable price increases depends on market momentum and the response of investors to external economic factors, including government policies and risk perception in investment.
