XRP Price Lags, but Millionaire Wallets Are Back — Accumulation Phase Confirmed?
XRP's value shows sluggish movement, yet large investors are making strategic moves once more. Analysis suggests a significant accumulation phase could be in play. The potential for growth in specific coins is drawing keen interest. Find out which assets could be next to rise.
XRP Eyes Breakout with Potential 18% Upsurge
Source: tradingview
XRP is pushing between $1.75 and $1.97, showing resilience despite recent dips. The cryptocurrency is eyeing its closest resistance at $2.11. If it breaks through, it could rally to the second resistance level of $2.33, marking a jump of nearly 18%. The current support sits comfortably at $1.67, offering a safety net for traders. While the coin has dipped over the last six months, the gap between 10-day and 100-day moving averages suggests a possible upward trend. With a Relative Strength Index indicating it's not overbought, XRP may soon bounce back. Watch for a move above resistance levels for signs of a stronger comeback.
Conclusion
XRP has shown a slower price movement, but interest from millionaire wallets is rising. This ongoing accumulation phase suggests growing confidence among big investors. While may not be performing as expected, this trend points to potential future gains. Staying observant of these investment behaviors can provide insights into XRP’s future movements.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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