XRP Whales Load Up as $2.50 Breakout Looms

XRP whales pile up during price fall. TD buy signal flashes with a target of 2.50. Important $1.90 support defines subsequent significant action in favor of holders.

Whales are aggressively buying XRP despite the recent price weakness. The digital commodity is trading around annual lows. Big holders keep on accumulating tokens at prevailing levels.

Xaif_Crypto on X claims that the whale dominance is high. These large participants are the order flow leaders. Their purchasing behavior indicates optimism in XRP recovery in the future.

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Whales Accumulate While Retail Hesitates

There was a steep negative short-term drop in XRP. The lowest point of the year was reached in prices. Whales boosted trading in this depression.

Xaif_Crypto commented that the whales are trading XRP. This action is common with bottoming phases. Big accumulation is done prior to rallies and not in uptrends.

XRP Whales Load Up as $2.50 Breakout Looms

Source: Xaif_Crypto 

The whale purchasing system is an indicator of readiness to move. The past reveals that such accumulation is associated with price explosions. Smart money arrives in advance of the retail money.

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Critical Support Level Determines Next Rally

Ali Charts detected a TD buy signal on XRP. This technical indicator appeared in recent charts. The indicator indicates the possibility of upside momentum building.

Everything, according to Ali Charts on X, depends on 1.90. This is a critical level of support that XRP is required to have. An effective hold triggers the 2.50 price target.

XRP Whales Load Up as $2.50 Breakout Looms

Source: Ali Charts on X,

The 1.90 mark is a critical decision level. Violating the downside may cause further selling momentum. Betting bigger is the way to high returns.

This support is followed by technical analysts. There is weight in the TD signal among traders. When this is coupled with whales congregating, there is a bullish confluence.

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What Whale Behavior Reveals About XRP

Huge holders do not purchase when there is a strong uptrend. They pile up when the prices are understated. Recent whale behavior reflects this plan of action.

XRP whales are guaranteeing belief at existing prices. Their enduring purchase is an indication of bottom construction. Market players wait to see a reversal.

The combination of technical signals is important. TD buy signal and whale accumulation generate momentum. The critical stage is support at $1.90.

Traders hedge against the possibility of a breakout. The 2.50 price target has significant upside potential. The market structure indicates that XRP will be volatile in the future.

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Source: https://www.livebitcoinnews.com/xrp-whales-load-up-as-2-50-breakout-looms/