Whales Accumulate Billions in XRP and ADA – Is a Breakout Coming?
05.03.2025 14:41 2 min. read Alexander Stefanov
Large-scale investors are making aggressive moves on two major altcoins amid heightened market volatility, according to crypto analyst Ali Martinez.
Martinez reports that in a single day, whales acquired approximately $2.16 billion worth of XRP, accumulating nearly one billion tokens.
Meanwhile, deep-pocketed investors also scooped up over $345 million in Cardano (ADA), adding 420 million ADA to their holdings.
At current prices, ADA is trading at $0.86. Martinez notes that XRP is forming a head-and-shoulders pattern, a bearish indicator suggesting a potential drop to $1.20 if support at $2 breaks.
However, a daily close above $3 could invalidate the pattern and open the door for a rally to $5.
For Cardano, the analyst highlights a critical resistance level. If ADA manages a 12-hour close above $1.19, it could trigger a breakout toward $2.20.
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