📢 The cryptocurrency has seen a notable increase of 20% this week after breaking a downward trend and forming a bullish pattern (Bullish Flag), currently reaching about $3.29.
But the surprise came from the "whales" that transferred 33.4 million XRP (worth ~108 million dollars) to Coinbase, which is a potential signal for selling or liquidation.
Conversely, the market witnessed massive reinvestment exceeding 1.2 billion XRP after previous sales worth 2.86 billion, with the NVT indicator remaining at low levels indicating that the market is not yet saturated.
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📊 Bullish scenario: Closing above $3.33 could push towards $3.50 – $3.60.
Bearish scenario: Breaking $3.13 could drop the price towards $3.00 – $2.95.
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✅ Positives of the news:
Breaking a downward trend and forming a Bullish Flag supports continued upward movement.
Reinvesting more than 1.2 billion XRP after sales, reflecting investor confidence.
Low NVT indicator, indicating that the market is not saturated.
Increased institutional interest and XRP leading daily activity lists.
⚠️ Negatives of the news:
Transferring 33.4 million XRP to Coinbase could be a precursor to selling by the whales.
Near resistance at $3.33, failing to break it could lead to a correction.
Continued volatility in the general market may pressure the price.