XRP has been consolidating in a narrow range above the key support of $2.00 USD. Although the price seems to be lateralizing, on-chain and technical signals are interesting! 👇
Whale Accumulation 🐳: Addresses with 10M-100M and +1B $XRP have significantly increased their holdings since April, showing confidence despite macro uncertainty. They now control 39.4% of the supply!
Less XRP on Exchanges: The balance on platforms has dropped by 10% in the last 30 days. Is lower selling pressure imminent? 👀
Bullish Technical Pattern 📈: A bullish flag is observed on the daily chart. A decisive breakout above the resistance of $2.10 USD could drive the price towards the technical target of $2.93-$3.00 USD.
Technical analysis and whale activity suggest potential!
DYOR. NFA.
Do you think the whales will drive $XRP to $3 or will we see a correction first? Leave your opinion in the comments! 👇