In the latest XRP news, the whales are making headlines with their recent massive transactions. According to recent reports, the large investors have accumulated nearly 1 billion coins recently, reflecting the strong confidence of the investors towards the asset. Amid this, a top expert has revealed key price levels to watch for Ripple’s native crypto ahead, which has also caught the investors’ eyes.
XRP News: Ripple Whales Making Big Move
The Ripple whales are once again on their buying spree, as evidenced by the recent reports. This XRP news has further cemented bets towards a potential rally in the crypto’s price in the coming days. So, here we take a close look at the latest developments in the market.
Whales Accumulate 1 Billion Coins
In a recent X post, top market analyst Ali Martinez has shed light on the accumulation trend of the large investors or whales. According to his social media post, Ripple whales have purchased 1 billion XRP coins in only about two days, showcasing their robust interest in the coin.
Source: Ali Martinez, X
Meanwhile, this development also had an impact on the crypto’s price, as evidenced by its recent performance. However, this massive accumulation trend also comes after Ripple Labs recently moved 300 million XRP to an unknown wallet, valued at around $682 million, which has fueled market speculations.
How’s XRP Price Performing?
XRP price today was up around 1.2% and exchanged hands at $2.35, while its trading volume fell 9% to $4.9 billion. Notably, the crypto hovered between $2.36 and $2.26 in the last 24 hours, reflecting the impact of the Ripple whales buying on the price. Further, the asset’s Futures Open Interest rose 3% to $4.37 billion, CoinGlass data showed.
Notably, here we explore the key levels to watch for the crypto, as highlighted by a top market expert.
Key Levels To Watch For Ripple’s Native Crypto
In a recent analysis shared on the X platform, prominent expert Dark Defender has shared key levels to watch soon for XRP. Besides, he also hinted towards a potential “upside break-out” for the crypto soon. According to the post, the analyst said that the key targets for XRP stand at $2.40, $2.86, $4.55, and $5.85.
Having said that, it is expected that the crypto might rally to around $6 in the coming days. For a potential move towards the south, the support levels for the crypto are at $2.23 and $2.13, the analyst noted.
Source: Dark Defender, X
In a separate X post, Dark Defender has compared XRP’s surge to Ethereum. He noted that after September 24, “XRP has appreciated three times more than Ether.” Comparing the price surges, he said that XRP will soon flip the later in the “3rd wave we are in.”
Source: Dark Defender, X
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