XRP whale watch: Will moving 70M tokens help the altcoin reach $1?

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XRP whale watch: Will moving 70M tokens help the altcoin reach $1?
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Experts suggest that the crypto market could experience a significant rally in XRP similar to what happened in 2018.

An expert suggested that XRP could experience a significant rally, similar to what happened in 2018.made several posts on X , noting that multiple whales moved a total of 70 million XRP tokens worth $42.48 million from the Binance exchange.Per AMBCrypto’s analysis, XRP looked bullish at press time as it has formed a bullish symmetrical triangle on a daily time frame. This pattern typically appears before significant price changes.

Other technical indicators like the Relative Strength Index and Stochastic signaled that XRP was in a neutral zone, meaning that it was neither in the oversold nor in the overbought area.He noted that the last time this occurred — in 2018 — XRP’s price experienced a 60,000% rally.

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