Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

July 9, 2025

Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?

July 9, 2025

Binance CEO Richard Teng Sounds Alarm: Is Your Crypto Account Safe?

July 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

XRP Buy Signal! Whales Acquire 590 Million Tokens

0
By on December 13, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post XRP Buy Signal! Whales Acquire 590 Million Tokens appeared first on Coinpedia Fintech News

XRP, Ripple Labs’ native token, appears to be consolidating within a tight range for over a week. Amid this consolidation and the market uncertainty, crypto whales and long-term holders have shown strong interest in the altcoin, following the formation of a bullish price action pattern, as reported by the on-chain analytics firm Santiment.

Crypto Whales Add Over $1 Billion Worth of XRP

Despite the price remaining in a tight range, data reveals that whales and long-term holders have seized this opportunity to significantly accumulate the tokens. Investors holding between 100 million and 1 billion XRP tokens have reportedly accumulated an additional 590 million XRP, worth $1.29 billion. Furthermore, the data indicates that these whales collectively hold 8.91 billion XRP tokens.

Source: Santiment

These substantial accumulations of XRP tokens indicate the interest and confidence of long-term investors and crypto whales. This notable acquisition reduces selling pressure, hints at a potential upside rally, and suggests an ideal buying opportunity.

However, despite these accumulations, the XRP price has remained neutral, with no major price changes observed, although it has formed a bullish pattern on its daily chart.

XRP Technical Analysis and Upcoming Level

According to expert technical analysis, XRP appears to be forming a bullish flag-and-pole price action pattern on the daily time frame and is currently struggling to breach this pattern. Based on the analysis, if XRP breaks out of this pattern and closes a daily candle above the $2.50 level, there is a strong possibility it could soar by 80% to reach the $4.50 level in the coming days.

Source: Trading View

On a positive note, XRP’s Relative Strength Index (RSI) currently stands at 62, which is below the overbought zone, indicating that the asset still has enough room to rally further.

XRP price momentum

At press time, XRP is trading near $2.41 and has experienced a price decline of 0.52% in the past 24 hours. During the same period, its trading volume has increased by 5%, indicating rising participation from traders and investors amid XRP’s bullish outlook.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?

July 9, 2025

Binance CEO Richard Teng Sounds Alarm: Is Your Crypto Account Safe?

July 9, 2025

Pi Network Price Dips as Possible Manipulation Raises New Concerns

July 9, 2025
Leave A Reply Cancel Reply

What's New Here!

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

July 9, 2025

Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?

July 9, 2025

Binance CEO Richard Teng Sounds Alarm: Is Your Crypto Account Safe?

July 9, 2025

Pi Network Price Dips as Possible Manipulation Raises New Concerns

July 9, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.