XRP Whales Snap Up $2 Billion in 3 Days: Breakout or Bull Trap? 🐋
Between December 25 and now, XRP whales have purchased $2.17 billion in tokens, suggesting a potential price hike. However, some whales are offloading tokens, raising questions about XRP's future price movements.
Data shows an increase in XRP holdings among addresses with 1-10 million tokens and 100 million-1 billion tokens, signaling a buying spree. At $2.50 per token, this represents significant buying pressure, possibly indicating a price breakout.
Yet, CryptoQuant data points to mixed trends, with increased exchange flows suggesting both buying and selling activities. If whale accumulation trends persist, XRP might avoid a bull trap.
Predictive charts show a bull flag, a bullish pattern, forming, potentially driving XRP to $3.50. But, significant whale sell-offs could pull prices down to $1.98.
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