Is XRP on the brink of a major change?
XRP whales are taking action! The relationship between XRP and Ethereum (ETH) has risen 4% after a sharp 20% drop the previous week. This raises a significant question: is Ripple positioning itself to lead the next market rally?
XRP has been one of the highlights in the third quarter for altcoins. Its recent surge brought it close to its peak in 2018, at $$ 3.50, a level that hadn't been tested in seven years.
This appreciation came with a wave of profit-taking, with $$ 1.6 billion in gains being realized — the highest amount in six months. This caused an 11% pullback, dropping XRP below $$ 2.90. Since the peak, the token has failed to maintain support at $$ 3 twice, the first time after failing to hold in the range of $$ 3.15 to $$ 3.20, giving sellers the advantage.
