💥💥💥 #Xrp🔥🔥 Price Prediction: Crypto Whales’ $177 Million Buy Signals Rally
XRP, currently trading at $0.5392, is showing signs of potential recovery, though the market remains cautious. Recent activity by crypto whale addresses, which accumulated over 330 million XRP worth around $177 million in the past week, suggests optimism for a price increase. This accumulation often signals positive market sentiment and could help XRP break through key resistance levels.
The Mean Coin Age (MCA) indicator, which tracks the movement of XRP among holders, recently shifted from a bearish decline to an upward trend. This indicates that long-term holders are opting to HODL, reflecting renewed investor confidence and potential for sustained bullish momentum.
XRP has risen 3% over the past five days but is still below the crucial $0.55 resistance level, which represents a key Fibonacci retracement point. If XRP can break above $0.55 and turn it into support, it may recover from recent losses and gain upward momentum. Conversely, if it fails to surpass this level, XRP might trade between $0.55 and the lower support level of $0.49, potentially leading to a range-bound market.
Source - beincrypto.com
