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tl;Dr.

  • Whale Wallet moved $812 million between unknown addresses during low volatility, adding 30m XRP in 24 hours.
  • XRP trades above $2.71; analysts expect $3.60 to $4.80 if support continues to hold.
  • The bearish signal is $2.07 if the current triangle pattern is broken; despite the success of the ETF, the market remains cautious.

Large XRP holders accumulate during price drop

Over the past 24 hours, the Corrugated Wallet, which holds between 1 million and 10 million coins, has increased its holdings from 6.74 billion to 6.77 billion XRP. According to Ali Martinez, this reflects a net increase of approximately 30 million XRP.

The activity was due to the price of XRP falling to $2.84. It has been seen before buying during the pullback and often marks an early stage of price increases.

At the same meeting, the whale’s XRP had about $812 million between unidentified addresses. This kind of movement often draws attention, especially during periods of low volatility or price decline.

At press time, XRP was trading at $2.87. This marks a slight decline in the past 24 hours, down 4% over the past week. As the price drops, some traders continue to watch nearby support areas.

According to Martinez

“The $XRP holding $2.71 could open the door at $3.60.”

The figure shows the short-term floor that bounces repeatedly from this level, making it a buyer. Above it, the resistors are $3.2 and $3.6. So far, the $2.71 trademark has been held through multiple tests. As long as it remains intact, you may try to climb further.

XRP price chart
Source: Ali Martinez/X

Long-term settings are still active

Javon Marks points out a breakthrough beyond the scope of long-term integration. They noted that XRP continues to trade for $2.47, which they see as a confirmation point for further gains. As long as this level holds, Marks will raise the relocation to $4.8, which may be the next step. That would increase by 66% from the current price.

Their chart also outlines possible stretch targets that may be close to $7.14. This view is based on the strength of the breakthrough, as well as the high trading volume during the movement. XRP has been moving sideways after a strong rally earlier this year, but remains high in previous areas of resistance.

Caution is still in the background

Not everyone agrees with bullish views. Analyst Tom Tucker marked the warning. “XRP is under $3 and is flashing the warning sign,He wrote, pointing out a falling triangle pattern. If current support breaks, it can then move towards $2.07, down 26% from the current price.

He also noted that currently 94% of the cyclic XRP supply is profitable, sometimes leading to sales settings. Momentum indicators began to decline and sales activities began. Tucker added that the Bulls must defend key levels to prevent further shortcomings.

Meanwhile, the cryptocurrency market recorded over $1.44 billion in liquidation, with over 356,000 trader accounts impacted.

Despite the mixed signals, XRP is a new milestone launched through the Rex-Osprey XRP ETF, with trading volumes of $37.7 million on the first day, making its biggest ETF debut to date in 2025.

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