XRP has surged by a remarkable 6%, suggesting that a revival might be in the cards. But the real action comes from the big movers in the XRP market — its whales.Typically, XRP whales are one of the most active in the entire market, but the token hardly ever budges due to their actions.that caught the eye was a whopping 250 million XRP, valued at over $135.7 million, from Coincheck to an unknown wallet.The crypto market often echoes Bitcoin and Ethereum’s performance.
The data suggests a bullish sentiment among traders, particularly top traders on Binance, which could indicate a positive outlook for XRP’s price in the short term.The XRP/USDT chart shows that XRP has experienced notable volatility within the last month, with a range mainly between $0.48 and $0.56. Recently, XRP made a notable climb, reaching a peak close to the upper side of this range at around $0.5436.The price movement showed strong buying interest near the lower end of this range, with consistent recovery after dips below $0.50.
Looking forward, if XRP can sustain above $0.55, it might challenge resistance at $0.60. A successful break above that could take the coin all the way to $0.80.Jai Hamid works as a freelancer cryptocurrency journalist, specializing in blockchain technology. With a keen eye for detail and a knack for breaking down complex topics, she helps demystify blockchain for a wide audience, ranging from novice enthusiasts to industry experts.Subscribe to get it daily in your inbox.
Source: Digital Coin News (digitalcoinnews.net)
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