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Whale wallets increased 900M XRP within 48 hours, indicating a strong bullish belief
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Bull Flag breakout near $3.20 can propel XRP towards the $4.50 target zone
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A possible retest at $3.80 levels
XRP whales have been on another massive shopping spree. Analyst Ali Martinez shared data from the blockchain that shows wallets with between 100 million to 1 billion XRP tokens have purchased an additional 900,000,000 tokens within the last 48 hours.
This aggressive accumulation occurs as the XRP has stabilized at $3.19. This type of buying during a consolidation period is often seen by large investors as a sign that they are confident, and could be setting up the next major move upward.
Bull Flag Breakout Suggested by Technical Setup
Analyst Maxi says that XRP has now retested the upper boundary of a pattern bull flag as a new support. This trendline near the $3.20 to $3.25 area was recently broken upwards. If buyers continue to defend the zone, the pattern could push the price towards $4.50.
The critical level. This buying is pushing XRP towards one critical number. Here’s a detailed news analysis of XRP’s $3.33 level of resistance.
After the resistance of 3.33 is breached, we will see the next resistance around $3.50. The support remains at the $3.20 level. The bullish continuation scenario would be validated if the momentum remained above this breakout level.
XRP’s long-term chart looks even stronger
Analyst Thecryptomist sees a bigger picture: a decisive break above a long-term, descending resistance line around the $2.60-2.70 level.
After this breakout, XRP hit $3.80 and then retraced to hold support above the $3.00 mark.
This structure has now turned previous resistance into strong supports, which historically is an bullish sign. The key levels to watch are $3.00 and $2.60. If these levels hold, resistance at $3.80 may be challenged again. This could lead to further gains.
Broader Market Sentiment & Targets
The overall market environment remains positive, with XRP registering a 5.31% increase over the last week. Daily trading volumes of over $6.8 billion indicate active participation by both retail and institution players.
How high could XRP go? This is one analyst’s argument for a $7.75 price.
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