🐳 XRP/USDT - After several weeks of inactivity, whales seem to be interested in Ripple again. According to data from the analytical platform Santiment, over the past 7 days, addresses with balances from 1 million to 10 million #XRP have acquired over 90 million tokens worth about $48 million, bringing the total supply to 3.7 billion coins. The actions of large investors typically have a significant impact on the asset's price dynamics, so the increased interest in #Ripple can be interpreted as a bullish signal. Forecast: The price of XRP bounced off the $0.51 support. This level also serves as a breakout point from the symmetrical triangle in which the asset has been consolidating for almost three weeks. This bullish pattern suggests a potential rally to the $0.65 mark. However, for this altcoin to succeed, it will need to overcome resistance at $0.57 and $0.62 levels and confirm them as support. In the event that the bounce from $0.51 proves to be false, the price of Ripple may fall to $0.47. Losing this support will invalidate the bullish forecast and send the asset towards $0.42.
🚀 MATIC/USDT - The price of #MATIC has failed for the fourth time in the last three weeks to break the resistance at $0.74. Most likely, the altcoin may initiate another decline, especially given the strong resistance mentioned above. This could lead to MATIC's consolidation in the coming days and a price drop to the support level of $0.64. However, if the bearish sentiment intensifies, #Polygon may break this support and reach a low of $0.60. On the other hand, if the tide turns bullish, the price of MATIC may break out of consolidation and attempt to turn the $0.80 level into support. This would also make the 1.05 billion MATIC offering profitable. As a result, the bearish scenario will be refuted, and the price may continue to rise.
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