$XRP is making moves - but can it break past $4 this month? Traders are keeping a close eye on critical support zones as bullish momentum builds.
đ Key Highlights:
XRP jumps 2% on May 7, fueled by optimism around US-China trade talks.
$2.08 is the key level to watch - it must hold for XRP to maintain its upward trajectory.
Whale wallets are loading up, signaling a strong bullish sentiment.
Analysts emphasize that XRP needs to stay above $1.83 - $2.00 to keep climbing.
đ XRP Price Rises Amid Trade Talk Buzz
XRP gained 2% over the past 24 hours, riding a wave of renewed investor optimism sparked by hints of renewed US-China trade negotiations. At the time of writing, XRP is holding strong above the $2.00 mark - a promising sign for bullish traders eyeing a larger breakout.
đ Big Players Are Accumulating
More than just hype is fueling XRP's latest rally. Data from Santiment shows significant whale activity, particularly from wallets holding between 1 million to 10 million XRP. These wallets now control 9.44% of the total supply, up 1.2% since the start of 2024 - a notable accumulation trend that often precedes major price moves.
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