XRP Coin and LINK prices continue to receive support from whales despite the recent declines in the crypto market. Large investors continue to show interest in these assets by keeping the trading volume alive in the last 24 hours. Here are the latest on-chain data and price targets...
Could XRP Coin Price Reach $3.5?$XRP
XRP Coin is drawing attention with its strong performance despite the recent market declines. The token quickly recovered from its price drop to level 2 and formed a strong support level at 2.18. Currently, XRP’s price action is exhibiting a bullish formation known as a “bull flag.” This indicates that the token has the potential to rise to level 3.5. Analysts believe that breaking this level will initiate a new bullish momentum for XRP.
The recent movement of large investors has also been an important factor supporting the XRP price. The fact that whales have brought together 80 million XRP tokens reinforces the trust in this asset and the belief in its long-term potential. In addition, the end of the lawsuit between Ripple and the SEC and the expectations of XRP ETF approval have created an optimistic atmosphere in the market. The XRP ETF approval is expected to increase investor interest and the market value of the token. Ripple's stablecoin initiative called RLUSD is also expanding the areas of use in XRP's ecosystem. Such innovations seem to support the long-term value of the token. All these developments show that XRP has the potential to reach higher values in the future, not just short-term gains. Ripple is in a strong uptrend in many aspects, from technical indicators to investor confidence.
Could Chainlink Price Reach $32?$LINK
Chainlink (LINK) has gained 4% in the last 24 hours, reaching $23.18. This increase has generated a lot of interest among investors and analysts. During the recent market crash, Chainlink faced significant selling pressure, with its price falling to $20. However, during this period, large investors bought $40 million worth of LINK tokens to take advantage of the opportunity.
This move reflects investors’ confidence in its long-term earning potential. In addition, the increase in trading volume is another important factor supporting the LINK price. In the last 24 hours, trading volume increased from $838 million to $951 million. The increasing number of active addresses and transactions indicate that interest in the Chainlink network is increasing and investors are showing more activity. In terms of technical analysis, Chainlink’s price charts show that there is a critical resistance at the 22.27 level, and if this level is broken, the uptrend may accelerate. Crypto experts predict that LINK could reach the 26.20, 30, and even 38 levels respectively if this resistance is broken.
In addition, the decrease in Chainlink reserves on exchanges indicates that investors prefer to hold their assets rather than sell them. According to the latest data, exchange reserves have decreased to 161.5 million tokens. This indicates that selling pressure has decreased and LINK's upside potential has increased. In addition, rumors of a possible partnership between Blackrock and Chainlink have emerged. A collaboration with a major asset management firm like Blackrock could create a strong jump in LINK's price.