COULD $XRP PRICE BREAKOUT ON GROWING RISKON SENTIMENT?

$XRP price stabilizes above its $2.00 support during the late Asian session on Tuesday. An attempt to break out of the consolidation range the previous day left more long than short positions liquidated, dampening market sentiment. Meanwhile, with whales buying amid the ongoing consolidation, XRP could be poised for a major run targeting the psychological resistance at $3.00.

As XRP consolidates, signaling market indecision, whale activity per Santiment data paints a different picture. Addresses with between 10 million and 100 million $XRP (black line) show a steady increase, peaking around 11.83% of the total supply on Thursday from 10.91% on April 1. This implies consistent accumulation despite growing macroeconomic risks.

Similarly, addresses holding more than 1 billion tokens (red line) have gradually increased their share. This whale cohort currently accounts for 39.37% of the total supply, compared to 37.67% towards the end of March. #BinanceHODLerHYPER #Xrp🔥🔥#USStockDrop #SaylorBTCPurchase