Ethereum

altFINS

<p>XRP has weathered the recent crypto market downturn and now appears positioned for a bullish reversal, according to <a href="https://twitter.com/DebunkJelpi/status/1711659913330430388" target="_blank" rel="noopener noreferrer nofollow">analyst</a> Debunk Jelpi.</p>
<p>In a <a href="https://twitter.com/DebunkJelpi/status/1584980654842044416" target="_blank" rel="noopener noreferrer nofollow">recent tweet</a>, Jelpi noted XRP held crucial support despite bearish conditions. This failed breakdown signals waning downward momentum.</p>
<p>Importantly, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> was declared not a security in Ripple’s dispute with the SEC, removing a major overhang. As a fast, low-cost transaction network with strong security, XRP is gaining traction for cross-border payments.</p>
<p>Jelpi cited data showing large investors shifting from Ethereum to XRP, with wallets holding 100K to 100M XRP now containing $7.89 billion in coins versus $7.16 billion a year ago.</p>
<p>Meanwhile, trading analytics platform altfins sees XRP trading in an emerging ascending triangle – typically a bullish continuation pattern in the trend direction. A break above $0.55 and the 200-day MA could confirm an upside breakout.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-1024x573.png" alt="" class="wp-image-353751" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-270.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>altfins estimated near-term support around $0.45 and overhead resistance at $0.55, $0.68, and $0.92. Price action is testing lower support but holding for now.</p>
<p>Both analysts see XRP regaining its bullish footing after the failed breakdown attempt. With strong fundamentals and technicals aligning, XRP appears geared for a trend reversal that could reclaim previous highs.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/large-investors-shifting-from-ethereum-to-xrp-as-technicals-align-for-bull-run/">Large Investors Shifting From Ethereum to XRP As Technicals Align for Bull Run</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Large Investors Shifting From Ethereum to XRP As Technicals Align for Bull Run

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