XRP has been on rise since July 29
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The symmetrical triangle pattern is a technical analysis formation that typically indicates a period of consolidation before significant price movement. For XRP, this pattern has been in play since the 2017-2018 crypto boom. Ali suggests that if XRP can surpass the critical resistance level of $0.90, it could trigger a bullish breakout.A bullish surge to $0.90 represents 40% gains from current price levels. At the time of writing, XRP was up 2.81% in the last 24 hours to $0.
The accumulation of XRP by large holders, often referred to as"whales," has been on the rise, indicating bullishness for XRP.According to Santiment, the amount of wallets holding at least 10,000 XRP has skyrocketed in the past five weeks. A total of 279,400 of such shark and whale addresses exist on XRP Ledger, returning to a six-month high. The correlation between these wallets and XRP's market value has been undeniable throughout 2024.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
XRP Price Gearing Up for Triangle BreakoutThis might be the decisive week for XRP holders
Les mer »
XRP Eyes Mad Anomaly With 7,900% Surge in Bull LiquidationsXRP bulls' liquidations skyrocketed 7,900% as XRP price dipped
Les mer »
Ripple active addresses climb 30% overnight, XRP hovers around $0.43Ripple (XRP) on-chain activity shows an increase in activity among XRP traders.
Les mer »
Ripple rallies past $0.63 as XRP traders expect SEC lawsuit to end soonRipple (XRP), XRP Ledger’s native token, extended gains by nearly 7% on Wednesday.
Les mer »
51.59 Billion XRP: XRP Mega Holders Hit Major MilestoneXRP giants mark major milestone as price makes bullish run
Les mer »
Over 46 Million XRP in 24 Hours, What's Going On?XRP whales have moved $25 million in XRP amid price dip
Les mer »