XRP Price Stands Just 16% From All-Time High After Breaking Month-Long Barrier 🚀
XRP has successfully breached a month-long resistance at $2.73 and is now trading at $2.85, just 16% shy of its all-time high (ATH) of $3.31, despite potential challenges from whale accumulation.
The recent surge is buoyed by a record open interest of $5.99 billion, signaling heightened market optimism. In the past 24 hours, a 12% price rise increased open interest by $800 million.
However, whale behavior, specifically wallets holding between 10 million and 100 million XRP, could impact XRP's momentum. Recent accumulation may trigger selling pressure, potentially affecting price trajectory.
A retest of the $2.73 support level is crucial for achieving new ATH predictions. If XRP fails to hold, it risks reverting to a previous consolidation range, delaying further gains and affecting investor sentiment.
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