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Cryptocurrency News Articles
After a few days of relative calm, XRP appears poised for its next major move
Apr 01, 2025 at 03:48 am
Prominent analyst Ali Martinez has revealed that whales offloaded 1.12 billion XRP coins, worth nearly $2.25 billion, in the past 48 hours alone.
After a few days of relative calm, XRP appears poised for its next major move. Unfortunately for the bulls, the whale accumulation activity suggests that large holders may be preparing for a sharp sell-off.
Prominent analyst Ali Martinez has revealed that whales offloaded 1.12 billion XRP coins, worth nearly $2.25 billion, in the past 48 hours alone.
Whales offloaded 1.12 billion $XRP in the last 48 hours! pic.twitter.com/DlxE1v1NI5
Technical analysts also aren't impressed with XRP's price chart, suggesting that the asset could visit the $1.65 support level.
However, the bulls may just have one saving grace, which could catapult the XRP price to $3 instead.
Why Did Whales Dump XRP?
The whale accumulation pattern is an excellent market of the XRP price trajectory.
Despite the broader market uncertainty, XRP impressed investors with its resilience as whales continued to buy the dip.
However, these savvy investors became unusually quiet over the past few days, suggesting potential uncertainty. Now, just before the upcoming monthly and quarterly close, the whales have decided to offload their holdings, indicating an upcoming sell-off.
XRP price predictions from prominent analysts also align with their bearish thesis. Veteran technical analyst Peter Brandt suggests that the XRP price chart has formed a head-and-shoulder pattern.
If the price fails to reclaim the $3 level, it could potentially see a decline to $1.
Don't shoot the messenger.Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP pic.twitter.com/nHaIgn8uP4
Even if a downside move to $1 isn't on the cards, the XRP price could test the key $1.65 support level before a bullish reversal.
XRP Price Prediction – This Pattern Could Prove The Bearish Whales Wrong
The XRP price has formed a bullish divergence in its 4-hour chart. In fact, analysts reveal that it has formed a bullish divergence in every timeframe from 15 minutes to 4 hours.
$XRP 4H bull div confirmed ✅decent bounce off the lows so far 📊now let’s break this local downtrend
If the pattern continues to play out, it could send the XRP price to $3, which would invalidate Brandt's bearish head-and-shoulder prediction.
Investors should avoid opening leveraged positions on XRP, especially heading into Donald Trump's April 2nd tariff deadline.
Instead, they should wait for the asset to pick a direction. For instance, if XRP manages to flip the $2.25 S/R level, it could pave the way for investors to go long on the asset.
On the contrary, dips below the $1.70 level are excellent buying opportunities, especially since experts remain convinced that the next crypto bull run is on the horizon and could start as early as mid-April.
Best Cryptos To Buy Instead of XRP
XRP is currently in the doldrums, which some experts call the "no trade zone".
However, sidelined investors still have several crypto assets that are currently offering excellent buying opportunities.
For instance, the popular Solana meme coin Fartcoin has defended the $0.40 support level and has since rallied by more than 10%.
The token has also formed a bullish divergence in its 4-hour chart, with experts suggesting that it could rally to $1 next.
$FARTCOIN is now retesting the second breakout zone here!Still bullish for the target of 1$ short term here! #FARTCOIN https://t.w3ll-known.d3fun/EwuwpPGTDu pic.w3ll-known.d3fun/F1x8E3ZjGq
Fartcoin isn't the only meme coin that is on experts' lists of best cryptos to buy. A new Ethereum-based project, MIND of Pepe (MIND), has caught the attention of the whales.
Despite the broader market uncertainty, the MIND presale has raised over $7.7 million in short order, thanks to several six-figure investments from whales.
ETH holders largely remained sidelined from the AI meme coin meta, which means there is a significant pent-up demand for projects like MIND. With Fartcoin showing signs of a strong bullish reversal, the meta is coming back, and it is unlikely that ETH whales are gonna miss out a second time.
Moreover, MIND holders can receive cutting-edge market alpha from the
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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