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.
This unexpected move has sent ripples through the market, sparking speculation about its likely impact on XRP’s trajectory. However, the timing couldn’t be more intriguing. At press time, XRP has shed over 4% in the past 24 hours, slipping into the $2.61 range—an area many see as a golden opportunity to “buy the dip.” With this transfer coming amid recent price weakness, could it catalyze an impending rally?
XRP On-Chain Metrics Points to Market Confidence
CoinGlass data shows XRP’s on-chain metrics, which could mean bullish momentum is coming. The OI-Weighted Funding Rate chart shows a steady rise, to 0.06% on November 13. By December 3, the rate was 0.046%, with XRP at $2.53.
This trend shows that long position holders want to sustain their bullis…
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