🐋 Whales accumulate $1.9 billion $XRP to defend the support level of $2 – What's next for the price?
In the past 48 hours, large wallet addresses (whales) have quietly accumulated over 830 million XRP, equivalent to about $1.9 billion, as the price of XRP adjusted down near the support area of $2. This action took place right after the market showed signs of weakening, indicating a clear effort to protect the key price level.
🔍 Strong accumulation trend
On-chain data from #Santiment shows that the balance of XRP in wallets holding over 10 million tokens has significantly increased. This is often a sign of long-term confidence and expectations for a strong rebound.
📊 Next scenario?
If XRP holds above the $2 area, there is a high chance of a recovery towards $2.35 – $2.50 in the short term.
However, if this level is breached, the next support area lies around $1.72.
🎯 Expectations & stop-loss
Target: $2.50 – $2.75 (short term)
Stop-loss: $1.85
The active "price support" by whales in this area is a signal that cannot be ignored – XRP may be preparing for its next big move.