On-chain data has reported a 3.36% drop in exchange reserves in XRP since early October. Historically, this drop is a classic bullish signal tied to long-term whale accumulation.
Market watchers have stated that this drop is driven by the ever-increasing demand for XRP as a cryptocurrency payment token. Hence, the whales are gradually accumulating ahead of a price surge.
Although investing in XRP is a wise decision, seasoned investors know that investing in an emerging payment token tagged ‘XRP 2.0’ is a better option. This token, RTX, is the native token of a PayFi solution, Remittix, which is set to revolutionise the crypto-to-fiat payment space.
Whale Accumulation On The Rise, What It Means For XRP Price
Ripple’s move to expand its payment corridor is finally bearing fruit, one of which is the recent drop in exchange reserves, signalling a bullish rally ahead. Read on.
Technically, XRP is trading higher in a controlled, range-bound action, as institutional participation supports accumulation above the $2.38 support, even as derivatives data indicate declining speculative interest. Over the past few weeks, trading volumes surged to $79.86 million, indicating a return of institutional activity to the Ripple ecosystem.
A break through the $2.43 resistance signal renewed momentum, while failure to respect the $2.38 support will lead to a pullback. Derivatives data reported a reduced speculative activity, open interest decline by 1.4%, and a 24% drop in trading volumes.
Funding rates have turned negative at -0.0007%, signalling that traders are shorting. Yet, on-chain data show a 3.36% drop in exchange reserves since early October, a classic bullish signal associated with long-term whale accumulation.
What Traders Should Watch For
While XRP price predictions are all bullish, the token needs to bounce above the $2.38 support area to keep the setup valid. A confirmed breakout above $2.43–$2.48 would reset momentum and open room toward the $2.65 extension zone.
Conversely, failure to defend $2.38 risks a pullback to the $1.96 support level. Traders are closely monitoring volume behaviour, and another spike near 80M+ on an upside attempt could confirm institutional accumulation and precede a phase of volatility expansion.
There is no doubt that XRP is set for a bullish story; however, it only offers moderate profits, which retail investors aren’t impressed with. They are instead following the footsteps of the whales, which can be clearly seen in Remittix, as their pick for the best altcoin to invest in now.
Remittix: Whales’ Pick For The Best Altcoin To Invest In
One attribute that the whales and seasoned investors always display is the ability to filter through the noise and spotlights in the market. While the spotlight and attention are centred on XRP, the savvy investors aren’t moved and are instead investing in Remittix.
Remittix offers a unique and highly in-demand utility, with its token, RTX, built to power the ecosystem. Priced at $0.1166, Remittix enables users to convert over 100 cryptocurrencies into fiat and deposit them into bank accounts in minutes. This is a $19 trillion market for payments between traditional payment systems and cryptocurrencies.
For investors considering the best cryptocurrency to buy now, Remittix offers utility and a rare opportunity for substantial profits. While XRP focuses on institutional transactions, Remittix addresses transactional friction and global payments.
The whales have openly declared their stance and investment choice. Even their footprints can be seen all around Remittix, despite XRP being promising. Join the moving train now!
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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