XRP (XRP) is trapped in a hard range over the last eight days. Altcoin was traded just above $ 2.00 support after the recovery of the entire market during the weekend.
According to OnChain and technical data, the XRP/USD pairs are well matched to the evacuation of $ 3.00.
XRP whale accumulation has come back
The price of XRP has been integrated from $ 2.03 to $ 2.13 since April 14. Daily Relative Strength Index (RSI) remained flat at about 49 years of age for the same period, signing the market unnamed.
Despite the price behavior next to these side, whale activities draw promising pictures. OnChain data shows that large investors have used a drop to $ 1.61.
relevant: Coinbase derivatives lists XRP futures.
According to Santiment’s data, the XRP whale address has increased sharply between 10 million and 100 million XRP (black line) since April 1.
Similarly, addresses with more than 1 billion XRPs have also increased. The whale cohort currently accounts for 39.4%of the total XRP supply, accounting for 39.7%compared to 37.7%at the end of March.
This can emphasize the trust of these large investors in the increase in XRP prices, despite the increase in macroeconomic risks and uncertainty.
In addition, XRP has significantly reduced exchange reserves. The balance of XRP of the exchange peaked in November 2024 with 32.27 billion XRPs. Today, about 2.7 million XRPs are held on the exchange. Despite the turbulence of the market since early April, the metrics have decreased by 10% over the last 30 days.
Can the XRP price rise to $ 3?
The price of XRP between April 7 and April 22 has formed a bull flag pattern on the daily chart. The price is re -tested with the top trend line of the flag as $ 2.10, suggesting that possible evacuation is progressing.
Over the last 10 days, the price has not increased this trend line more than two or three times, and has been tried to accumulate new buyers around this area with each re -test.
You can see that the XRP is restored from the current level near the decisive place above this trend line. The technical goal of the flag can be supported at $ 2.93 or psychological level.
Some analysts cited the incidence of XRP as a pioneer to rise up, reflecting the prospect of this strong.
Trader Dark Defender said that Altcoin is re -examining major multiple monitors, citing charts that integrate XRP prices to $ 2.00 or more during the weekly period.
If this resistance is broken, the price will come out and Wave 5 will play at $ 4.00.
“XRP is optimistic and encryption is optimistic.”
According to the analyst, the main level is $ 2.22 and $ 2.75, and the disadvantages are $ 1.80 and $ 1.61.
Meanwhile, fellow merchant Casitrades said the price said that the price would sweep the major support of $ 1.90 or $ 1.55 before the XRP was ready to break up.
As reported above by Cointelegraph, Wyckoff resale and wedge patterns draw an optimistic goal of XRP to $ 3.50 or more.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.