Whale Accumulates US$3.8 Billion, XRP Has the Opportunity to Reach ATH
If the whale's efforts succeed, the price of XRP could rise to US$3.41. If the US$3.41 level becomes support, XRP could continue its rise towards its ATH of US$3.66. This scenario would indicate a sustained bullish momentum, with strong support from large holders and retail investors. The support level at US$3.41 will play a crucial role in maintaining the price growth of XRP.
However, if XRP faces bearish signals from the broader market or selling pressure from retail investors, the price could drop to US$2.95 or even lower. This would invalidate the bullish thesis and raise concerns about the sustainability of the upward trend.