Ripple (XRP) has recently experienced significant price movements due to heavy buying by whales. Over the past week, large holders have quietly accumulated significant amounts of Ripple, potentially setting the altcoin up for a substantial price increase. Whales holding between 100 million to 1 billion XRP reportedly purchased 1.34 billion XRP worth over $3.26 billion last week, indicating their optimism about the digital asset’s future price. Despite an 18% price drop on Tuesday, whales have not engaged in any major selling, showing their long-term confidence in this digital asset. Additionally, the DAA price divergence index has issued a buy signal for XRP, indicating investors’ resilience against market instability. Currently trading at $2.45, Ripple is above the key support level of $2.33. After intense weekend fluctuations, the cryptocurrency has stabilized its price and experienced a 37% increase. However, XRP has yet to turn $2.70 into support. If the price surpasses this level, breaking the $2.95 resistance is likely, leading to a move towards previous highs. Otherwise, failing to break $2.70 could result in price consolidation above $2.33, potentially delaying the upward trend. Check the live prices of all tokens and cryptocurrencies on the momentary price page for digital currencies.
