XRP whales spark supply squeeze signals, with a potential breakout to $4 amid mixed market indicators.
experienced a remarkable rally, recording a 148.54% increase in price. However, its momentum has slowed, entering what appears to be an accumulation phase.
Analysis by AMBCrypto highlighted the possibility of a price recovery, but there was a possibility that the process may face delays, depending on market conditions.Tracking data showed that 800,000 XRP, valued at $1,927,321,529 at the time of recording, was moved out of the exchange.Investors transferring sizeable holdings from exchanges to private wallets typically indicate a preference for holding rather than selling, as private wallets are less commonly used for trading.
AMBCrypto analyzed the market sentiment around a potential bullish move, finding a mixed reaction among investors regarding XRP’s near-term trajectory.At the time of writing, XRP’s Open Interest has dropped by 2.35% over the last 24 hours, standing at $0.35 billion.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP reserve requirement cut by 90%: Here’s why 1 XRP is all you need!The XRP Ledger reduces reserve requirements by 90%, boosting accessibility but raising infrastructure concerns.
Read more »
XRP price prediction – Will whale demand drive price to $2?XRP price prediction revealed that increased whale interest could extend the ongoing uptrend. If so, $2 target could be within reach.
Read more »
XRP hits 6-year high: Will whales push the token to $3 now?XRP whale activity reaches a new all time high. Ripple whales have purchased 160 million XRP tokens worth $380 million
Read more »
XRP at the crossroads: How bulls are sparking FOMO to hit $2 nextXRP has hit $1 after years of struggles. Now, as bulls set their sights on $2, the road ahead won’t be easy, but they have the upper hand.
Read more »
XRP surges to 2021 highs: Time to watch for a $1.20 entry point?XRP witnessed new highs as exchanges' spot slippage surged, marking a pivotal moment for traders interested in the altcoin.
Read more »
XRP soars 24% in 24 hours, approaching ATH – Will it break the record?XRP surges 24% in 24 hours, nearing its all-time high, driven by strong market demand and bullish sentiment.
Read more »