🤯🤯🤯 Whales Withdraw XRP from Exchanges Amid 18% Price Drop — Is A Mega Rebound Coming?
🐋 Whale Activity in XRP: Large XRP holders are withdrawing the coin from exchanges at high rates despite an 18% price drop in the last 24 hours. Whales see the dip as a buying opportunity, with over $43 million moved to external wallets, indicating a lack of intent to sell.
📉 Price and Accumulation: XRP is trading at $0.468, reaching multi-week lows. Data from Santiment shows steady accumulation by whales, with addresses holding 10,000,000 to 100,000,000 coins increasing over the last three months.
📊 Rebound Potential? The XRP Relative Strength Index (RSI) is at 22, in oversold territory, suggesting a potential for recovery. The MACD indicates high volatility, with a bearish crossover below the signal line.
🔍 Analyst Insights: Analyst Zain Haider notes a contraction in XRP's monthly Bollinger bands, similar to December 2020 before a significant price increase. If history repeats, XRP could see a 790% jump to around $3.46, hitting a new all-time high.
