#PriceTrendAnalysis activity, with large-scale transactions and increasing whale accumulation shaping its price movements.
Analysts note XRP following a structured pattern, and its price action aligns with predicted wave formations. Recent transfers from a major U.S. exchange to unknown wallets have drawn attention, sparking speculation on future price trends.
Dark Defender, a cryptocurrency analyst, suggests that XRP is moving in line with established technical patterns. Following Wave 2, XRP is expected to continue through the 3rd to 5th waves on the daily chart.
Key support levels are positioned at $2.4467 and $1.9996, while resistances are at $2.6052, $3.3999, $5.8563, and beyond $8. These levels provide insight into potential breakout points, indicating areas where the asset might see increased buying or selling pressure.
2.6376
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EGRAG CRYPTO, another analyst, highlights the importance of XRP closing above the $2.69-$2.73 range on the 4-hour time frame. This level could determine whether XRP sustains a bullish momentum or faces further consolidation. A close above these levels would strengthen its uptrend, while failure to do so might introduce additional volatility.
The movement of large amounts of XRP from centralized exchanges to unknown wallets has raised interest among market participants.
Whale Alert reported a significant transfer of 20 million XRP, valued at approximately $50.66 million, from Gemini to an undisclosed address. This transaction contributed to the wallet’s holdings, now totaling around 43.73 million XRP worth $112 million.
Large withdrawals from exchanges are commonly interpreted as bullish signals, as major investors tend to acquire assets on platforms with high liquidity before moving them into private custody.
Whether this movement represents an internal transaction by Gemini or a significant investor’s purchase remains uncertain. However, such shifts can influence market sentiment, encouraging traders to adjust their positions.$ETH #PriceTrendAnalysis
