MarketRecovery

In recent days, #XRP has faced a decline in line with the broader cryptocurrency market. Despite this dip, XRP has successfully held its critical support levels, signaling a potential rebound.
The $2.20 mark has emerged as a pivotal level to watch for XRP. Noted crypto analyst Ali Martinez has pointed out that XRP's next big move could hinge on this key milestone.
Key Levels: $2.20 Support and $2.70 Resistance
Since December 17, Bitcoin's decline below key support levels has triggered significant price corrections across the crypto space. XRP followed suit, dropping from $2.708 on December 17 to $1.98 by December 20—a sharp 27% drop in just three days.
However, XRP managed to recover, stabilizing near $2. As of now, it hovers around $2.20, marking a 7% weekly decline.
What Lies Ahead for XRP?
Ali Martinez has outlined two potential scenarios for XRP based on its performance around the $2.20 mark:
1. Bullish Scenario: If XRP maintains support above $2.20, it could enter a consolidation phase before attempting another push toward the $2.70 resistance level. A breakout above $2.70 could generate strong upward momentum, potentially driving the price beyond $3—a level XRP hasn’t reached in years.
2. Bearish Scenario: If XRP fails to hold $2.20, the token could slip below $1.96, likely attracting new buyers to stabilize the price.
Whale Activity and On-Chain Insights
On-chain data from Santiment suggests that whales remain bullish on XRP, even during this downturn. Addresses holding between 1 million and 10 million XRP tokens have accumulated an additional 80 million XRP since December 17. This aggressive buying hints at confidence in XRP's long-term potential and could help cushion further declines below $2.
Elliott Wave Analysis Signals Optimism
Elliott wave analysis also supports the bullish outlook. The recent drop below $2 is likely the conclusion of a corrective second wave. If this pattern holds, the start of a bullish third wave could be imminent, driving prices higher.
Final Thoughts
As XRP navigates this critical $2.20 level, market participants are closely watching for signs of consolidation or a breakout. With whale accumulation and technical indicators aligning for a potential recovery, XRP could soon challenge new highs.
#Ripple #MarketRecovery #BTCOutlook: #CryptoTrends $XRP
$ETH $BTC

Recent data from IntoTheBlock has revealed a remarkable surge in large holder inflows for Shiba Inu (SHIB). In the last 24 hours, whale inflows have soared by 206%, reaching an astonishing 975.96 billion SHIB. This sudden influx of funds has emerged after a significant market sell-off that wiped out over $1.4 billion in liquidations across the crypto sector.
Price Rebound and Market Sentiment
Following Tuesday’s massive sell-off, overall market sentiment began to stabilize. Bitcoin, for example, recovered from a 24-hour low of $86,200 to near $89,000, while SHIB rebounded, posting a gain of 4.14% in the last 24 hours to trade at $0.00001431. These movements suggest that the recent decline may have led to oversold conditions, potentially setting the stage for a price recovery.
Implications for SHIB
The surge in whale inflows is significant, as it often indicates that large investors are accumulating tokens at price bottoms. Many of these investors typically purchase on centralized exchanges and move their assets into cold storage, signaling a long-term commitment. Such behavior could mean that the current spike in inflows might pave the way for a breakout if sustained buying pressure continues. Traders are now closely monitoring key resistance levels, with the possibility that SHIB may recapture higher price levels if the upward trend persists.
#shibainu #crypto #whalewatch #MarketRecovery
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