$XRP

$XRP *XRP Whale Alert: $782M Moved*

Here's a breakdown of the recent XRP whale activity:

- A Ripple-linked whale transferred 370 million XRP ($782M) to unknown wallets.

- XRP price remains stable at $2.36, with a daily range of $2.29-$2.42.

- Whale Alert detected two large transactions: 70M XRP to a mystery wallet and 300M XRP from Ripple to another unknown wallet.

*Whale Accumulation:*

- Addresses holding 1M-10M XRP now own 9.44% of the supply, up from 8.24% in January.

- This suggests smart money is accumulating XRP with a long-term vision.

*New Developments:*

- Ondo Finance is launching a tokenized U.S. Treasury fund on the XRP Ledger, potentially attracting institutional investors.

- Ripple has discontinued quarterly reports due to court battles and misinformation.

*Chart Analysis:*

- Support levels: $2.10, $1.85, and $1.60.

- Resistance levels: $2.40, $2.90-$3.00, and $3.80.

- A potential death cross is forming, with the 50-day SMA approaching the 200-day SMA.

The recent whale activity and accumulation trends suggest a potential price surge. However, the charts indicate caution, with possible resistance levels ahead. What's your take on XRP's current situation?