Based

bullish

Million

Billion

<p>XRP, Ripple Labs' native token, appears to be consolidating within a tight range for over a week. Amid this consolidation and the market uncertainty, crypto whales and long-term holders have shown strong interest in the altcoin, following the formation of a bullish price action pattern, as reported by the on-chain analytics firm <a href="https://app.santiment.net/" target="_blank" rel="noreferrer noopener nofollow">Santiment</a>.</p>   
<h2 class="wp-block-heading" id="h-crypto-whales-add-over-1-billion-worth-of-xrp"><strong>Crypto Whales Add Over $1 Billion Worth of XRP</strong></h2>   
<p>Despite the price remaining in a tight range, data reveals that whales and long-term holders have seized this opportunity to significantly accumulate the tokens. Investors holding between 100 million and 1 billion XRP tokens have reportedly accumulated an additional 590 million XRP, worth $1.29 billion. Furthermore, the data indicates that these whales collectively hold 8.91 billion XRP tokens.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/14010107/XRP-Ledger-XRP-12.webp"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/14010107/XRP-Ledger-XRP-12-1024x347.webp" alt="" class="wp-image-392978"></a>
 <figcaption class="wp-element-caption">
  Source: Santiment
 </figcaption>
</figure>   
<p>These substantial accumulations of XRP tokens indicate the interest and confidence of long-term investors and crypto whales. This notable acquisition reduces selling pressure, hints at a potential upside rally, and suggests an ideal buying opportunity.</p>   
<p>However, despite these accumulations, the XRP price has remained neutral, with no major price changes observed, although it has formed a bullish pattern on its daily chart.</p>   
<h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-level"><strong>XRP Technical Analysis and Upcoming Level</strong></h2>   
<p>According to expert technical analysis, <a href="https://coinpedia.org/news/xrp-price-to-soon-hit-4-predicts-top-analyst/">XRP</a> appears to be forming a bullish flag-and-pole price action pattern on the daily time frame and is currently struggling to breach this pattern. Based on the analysis, if XRP breaks out of this pattern and closes a daily candle above the $2.50 level, there is a strong possibility it could soar by 80% to reach the $4.50 level in the coming days.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/14010017/XRPUSDT_2024-12-14_01-00-06.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/14010017/XRPUSDT_2024-12-14_01-00-06-1024x448.png" alt="" class="wp-image-392977"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>On a positive note, XRP’s Relative Strength Index (RSI) currently stands at 62, which is below the overbought zone, indicating that the asset still has enough room to rally further.</p>   
<h3 class="wp-block-heading" id="h-xrp-price-momentum"><strong>XRP price momentum</strong></h3>   
<p>At press time, XRP is trading near $2.41 and has experienced a price decline of 0.52% in the past 24 hours. During the same period, its trading volume has increased by 5%, indicating rising participation from traders and investors amid XRP’s bullish outlook.</p>

XRP Buy Signal! Whales Acquire 590 Million Tokens

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