XRP Sees Significant Whale Activity, Price Jumps 5.62% to $3.29

Whales bought over 100 million $XRP in the last 48 hours, as shown by data from @santimentfeed!

XRP price saw a significant amount of buying pressure from whales in the last 48 hours, with over 100 million XRP purchased. This buying activity contributed to a 5.62% price increase, pushing XRP to $3.29, according to analyst Ali Martinez.

Whales bought over 100 million $XRP in the last 48 hours, as shown by data from @santimentfeed! pic.twitter.com/TVdqt65Nu4

The price trend highlights strong volatility, with a dip below $3.10 followed by a sharp rebound. This article explores XRP’s recent price performance, key support and resistance levels, and technical indicators shaping its outlook.

XRP Price Trend Analysis: Recovery Following Bearish Dip

XRP began the day at $3.12, rising to $3.29 before dipping below $3.10. Despite the decline, strong buying interest helped recover the losses. Increased trading volume, up 82.16% in 24 hours, played a key role in this rebound, indicating heightened market activity.

Related: Why XRP Is the Market’s Focus After a 25% Jump

This quick recovery suggests bullish market sentiment, with buyers stepping in during dips. Such behavior reflects growing confidence in XRP’s long-term prospects and the potential for further upward momentum.

XRP Support: Key Levels to Watch

XRP’s recent price movements underline two critical support levels:

These levels provide a foundation for sustained upward movement, as they represent points where buyers are likely to step in.

Resistance Levels: Challenges for Further Gains

On the upside, XRP faces resistance at:

Breaking through these levels is crucial for maintaining the bullish trend, as failure could lead to short-term consolidation or reversal.

Technical Indicators: Momentum Signals

Key Takeaways:

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