XRP Crypto Whales Sweep $2 Billion in 3 Days: Breakout or Bull Trap?
Between Sunday, December 25, and the time of publication, XRP crypto whales have amassed $2.17 billion worth of tokens. The significant purchases have fueled speculation that the XRP price could be poised to hit new highs with just days left before the year ends.
XRP whales have added $2.17 billion worth of tokens in three days, boosting confidence in a potential breakout.
The increase in exchange inflows suggests mixed activity, with selling pressure slightly offsetting buying momentum.
A bull flag breakout could push XRP to $3.50, but heavy selling by whales could see the price drop to $1.98.
XRP Price Prediction: Bull Flag Forms Again, Rally to $3.50 Appears
BeInCrypto’s assessment of the XRP/USD daily chart shows that the altcoin has formed a bull flag. A bull flag is a bullish pattern characterized by two upward rallies separated by a short consolidation phase.
The pattern begins with a sharp price spike, forming a “flagpole” as buyers overpower sellers. It is then followed by a correction, creating parallel upper and lower trendlines that resemble a flag.
As shown below, the XRP price is on the verge of breaking through the upper trendline of the flag. If successful, the altcoin may rally towards $3.50 in the short term.
However, if XRP whales decide to sell in large volumes, this trend may change. If the token also falls below the lower trendline of the above pattern, a drop to $1.98 could be next.
