bullish

Solana

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whale-activity-boosts-xrp-price" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Activity Boosts XRP Price</a><br></p>
<p style="text-align: justify">In recent weeks, Ripple’s XRP has experienced a noticeable price increase, contrasting with declines in Bitcoin (BTC), Solana (SOL), and <a href="https://en.bitcoinhaber.net/binance-coin-ascends-in-the-crypto-market-with-strong-price-performance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB), which fell by 4%, 5.10%, and 3.5%, respectively. This bullish trend in XRP has emerged despite the overall cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a>‘s value dropping by 2.8%. Investors of the seventh-largest cryptocurrency by volume have found this uptick encouraging.</p>
<h2 id="whales-take-action">Whales Take Action</h2>
<p style="text-align: justify">Whale Alert, a service that monitors significant blockchain transactions, reported significant movements involving XRP on July 30. Notably, whales transferred 70 million XRP tokens, valued at approximately $42.48 million, from the Binance exchange. These transfers were executed across three transactions within a 24-hour period, raising curiosity in the cryptocurrency community.</p>
<h2 id="what-will-xrp-s-price-be">What Will XRP’s Price Be?</h2>
<p style="text-align: justify">Analysts suggest that XRP’s price might be on the brink of a major movement, as indicated by the formation of a symmetrical triangle on daily charts. This pattern is often observed before significant price shifts. Historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> points to the potential for XRP to reach $0.73 and $0.85 if it breaks the $0.618 level in daily candle closes.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify"><strong>Critical Takeaways:</strong></p>
<ul>
 <li>Whale transactions often signal potential price movements.</li>
 <li>A symmetrical triangle pattern can precede significant price changes.</li>
 <li>Maintaining a price above the 200 EMA typically indicates an upward trend.</li>
 <li>Liquidation levels at $0.591 and $0.615 are crucial for monitoring potential price reversals.</li>
</ul>
<p style="text-align: justify">Currently, XRP sits above the 200 Exponential Moving Average (EMA) on the daily timeframe, suggesting a continued bullish trend. If the price remains above this technical indicator, it could signal further upward momentum.</p>
<h2 id="xrp-comments">XRP Comments</h2>
<p style="text-align: justify">Tony Severino, founder of CoinChartist, highlighted that XRP’s monthly Bollinger Bands are at their narrowest since 2018, a time when XRP surged by 60,000%. CoinGlass data also identifies primary liquidation levels at $0.591 and $0.615. Recently, $12.9 million in short positions were liquidated as XRP surpassed $0.61. If the trend reverses and prices drop below $0.591, $6.10 million in long positions could face liquidation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whale-activity-boosts-xrp-price" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Activity Boosts XRP Price</a></h5>

Whale Activity Boosts XRP Price

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