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Cryptocurrency News Articles

XRP, Litecoin (LTC), and Pepe Coin (PEPE) Each Tell a Different Story as Whales Dump Millions

Feb 28, 2025 at 11:02 pm

as of Feb. 27, 2025, XRP, Litecoin (LTC), and Pepe Coin (PEPE) are each telling their own story. XRP’s taken a beating, dropping 18%

XRP, Litecoin (LTC), and Pepe Coin (PEPE) Each Tell a Different Story as Whales Dump Millions

In the rapidly evolving cryptocurrency landscape, XRP, Litecoin (LTC), and Pepe Coin (PEPE) are each weaving their own unique tales. As of February 27, XRP is juggling a triple-digit price target with the potential for further market downturn. LTC, on the other hand, is showing signs of a critical test that could decide its next move. Meanwhile, PEPE is recovering slowly as whales make their presence felt.

XRP: A Path to $320 or More Market Downturn?

XRP is trading at $2.12, down 4% in the past 24 hours and 18% over the last seven days. The token has faced strong selling pressure, evident in the massive 81 million XRP tokens moved by whales to exchanges, according to on-chain data. This influx of coins has pushed prices lower and increased trading volume by 180%, reaching $10 billion.

As the dust settles, XRP analysts are divided. Egrag Crypto predicts a staggering surge to $320 by 2026, with the possibility of reaching $800. His chart analysis suggests a long-term bullish case for XRP, emphasizing that short-term price actions may not matter in the grand scheme of things.

Crypto analyst Dark Defender notes that XRP is close to completing its ABC correction pattern. The Relative Strength Index (RSI) at 27 indicates a potential bounce as it hovers near oversold territory. His analysis suggests a rise to $3, with the potential for a move to $5–$8 if XRP manages to stay above the $1.88–$1.91 support.

Another analyst, CasiTrades, adds that the correction in XRP is nearly over, highlighting a final downward leg and bullish signs on longer-term charts of XRP.

However, another crypto analyst, Ali Martinez, has detected bearish signals for XRP. According to his observations, the digital asset is showing signs of exiting its current ascending parallel channel.

Litecoin (LTC): Strong Accumulation Signals Potential Bounce

Litecoin has displayed resilience amid broader market weakness, supported by strong whale accumulation. On-chain data from IntoTheBlock reveals that large holders transacted 75.5 million LTC following a market dip triggered by Donald Trump’s tariff announcement.

Instead of selling off, whales absorbed 84.8 million LTC, valued at approximately $900 million, during the downturn. This activity indicates a potential shift in market sentiment, as whales are betting on a rebound in LTC prices.

A technical analysis of LTC’s price action suggests a critical support zone between $105.53 (Fib 0.5 level) and $115.45 (Fib 0.618 level). The price is currently testing this area, indicating a potential bounce if buying pressure continues. However, a breakdown below these levels could push LTC towards the 200-day EMA at $99.22, a key long-term support.

Moreover, LTC has formed a Fib range, presenting a short-term trading opportunity. If LTC manages to close above the Fib 1 level of $147.55, it could target the Fib 1.618 level of $199.48, presenting a 42% upside from current levels.

PEPE: Whales Bet on Comeback as Meme Coin Rotation Begins

Pepe Coin (PEPE) continues to attract interest from large institutional wallets, commonly known as whales, despite being 74% below its all-time high around $0.00000740.

Analyst Murad notes that 17% of PEPE whales have never sold their tokens, highlighting strong holding conviction among early investors.

The chart shows PEPE is hovering around a critical support zone at $0.00000780, just above its lowest range. A breakdown could push the price to $0.00000481, while a successful bounce may target $0.00002838, marking a potential 280% upside. The 50-day and 200-day EMAs (Exponential Moving Averages) are acting as resistance, capping any immediate bullish momentum.

As skepticism mounts regarding Solana-based meme coins due to rug pull concerns, investor attention could shift towards more established assets like PEPE. However, with its RSI at 31.14, PEPE is still close to oversold territory, suggesting a possible reversal if buying pressure increases.

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Other articles published on Mar 01, 2025