🚨 ¡$XRP SOARS BY 11%! 🚀 ¡PEACE IN THE MIDDLE EAST AND WHALES TO THE RESCUE DRIVE CRYPTO IN WAITING FOR AN EPIC RALLY! 💰🐳
📢 The price of XRP has roared with an increase of more than 11.25% in the last 24 hours, reaching $2.21! 🚀 The main reason: an unexpected truce between Israel and Iran! 🕊️ The calm in the Middle East has returned the risk appetite to investors, who have rotated back towards cryptocurrencies and other high-risk assets. ¡#XRP seized the opportunity like a hungry shark! 🦈
But it’s not just the peace in the Middle East that is driving this rise. XRP whales (addresses with 10,000 to 100,000 XRP) have been accumulating non-stop since December 2024, even during geopolitical instability! 🐋 This group of "smart money" now holds more than 7.34 billion XRP, showing an unshakeable confidence in the long-term future of the altcoin. Their massive accumulation acted as a cushion during the recent volatility, helping XRP recover faster! 💪
Technically, XRP bounced from a key support zone between $1.82 and $1.92, a confluence of its 50-week EMA and the lower trend line of its descending triangle pattern. 📈 This same zone triggered a 65% rally in early April. While descending triangles are usually bearish patterns that could lead XRP to $1.10 if the support doesn’t hold, a breakout above the upper trend line of the triangle could catapult XRP to $3.36, its yearly high, an astonishing increase of 55%! 🚀
🤔 Do you think these macroeconomic factors and the strong technical support are enough for XRP to break its descending triangle pattern and soar to new all-time highs in the short term? 👇💬
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