XRP Poised for Major Price Jump as Whales Buy In

XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.

This technical formation suggests the price could rise by up to 28.9%.

Recently, large holders, or whales, have been actively acquiring XRP, which points to strong market confidence in a price increase.

In particular, addresses with 10 to 100 million XRP have added a substantial 200 million tokens to their holdings, amounting to over $116 million. This buying spree indicates that these investors anticipate a bullish trend for XRP.

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Analysis of XRP’s MVRV (Market Value to Realized Value) Long/Short Difference shows a shift where long-term holders are seeing positive returns, though not yet substantial.

This situation suggests they are likely to hold onto their assets in anticipation of higher gains, supporting the likelihood of a bullish breakout.

For XRP to realize the predicted 28.9% increase and reach a target price of $0.76, it must first overcome resistance at $0.64 and solidify this level as support. While whale activity indicates this is within reach, sustaining momentum above this point will be crucial for a successful breakout.

Alexander Stefanov