{"id":137151,"date":"2024-09-13T10:00:21","date_gmt":"2024-09-13T07:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137151"},"modified":"2024-09-12T13:55:32","modified_gmt":"2024-09-12T10:55:32","slug":"xrp-faces-resistance-whale-activity-suggests-potential-rebound","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-faces-resistance-whale-activity-suggests-potential-rebound\/","title":{"rendered":"XRP Faces Resistance, Whale Activity Suggests Potential Rebound"},"content":{"rendered":"<p>Although there are signs of potential recovery, the market remains cautious due to the altcoin\u2019s repeated failures to break through these key resistance points.<\/p>\n<p>Significantly, large investors, or crypto whales, have been actively accumulating <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong>. Over the past week, these whales have amassed more than 330 million XRP, valued at about $177 million.<\/p>\n<p>This substantial accumulation suggests that these major stakeholders are positioning themselves for a potential price increase. Historically, such large-scale purchases by whales have often preceded price rallies, indicating a possible bullish trend for XRP.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/charles-hoskinson-denies-claims-of-ada-staking-restrictions\/\" title=\"Charles Hoskinson Denies Claims of ADA Staking Restrictions\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/cardano-17-luchec-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Charles Hoskinson Denies Claims of ADA Staking Restrictions<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>On a broader scale, the Mean Coin Age (MCA) indicator, which tracks the average age of coins in circulation, has shown recent improvements. After a period of decline in late August and early September, the MCA has started to rise again, signaling that long-term holders are opting to keep their XRP rather than moving it.<\/p>\n<p>This increased holding activity reflects a growing confidence among investors and could support sustained price growth for XRP. The combination of whale accumulation and improved MCA trends suggests that XRP may be poised for a rebound, potentially overcoming the resistance levels that have hindered its progress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has struggled to maintain a steady rise above the 50% Fibonacci retracement level of $0.60, with recent movements seeing it trapped below the 38.2% Fibonacci line at $0.55.<\/p>\n","protected":false},"author":3,"featured_media":81720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Faces Resistance, Whale 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