Increase in XRP whale volumes could catalyze a rise to 4 dollars
XRP recorded a profit-taking at USD 3, but the constant purchases by large investors suggest that the rise could take the altcoin's price up to USD 4.
Price Analysis
Key points:
Whales continue to buy XRP, generating a steady momentum in the price of the altcoin.
The XRP
XRP
€2.46
broke its long-term range on Friday and surged to USD 3.03 on Monday. Since then, XRP has given back some of its gains, indicating profit-taking at higher levels.
However, analysts remain optimistic about XRP's prospects. Veteran trader Peter Brandt said in a post on X that XRP had formed a "very unusual continuation composite support pattern" on the chart, which could push the price up to USD 4.47.#MemecoinSentiment #BTCWhaleTracker
