What to know:
- XRP price could revisit the $0.92 support zone before attempting a stronger recovery toward higher levels.
- A sustained defense of $0.92 could preserve XRP’s bullish structure and strengthen the case for a broader reversal.
- XRP whale transactions surged 280%, with more than 38 transactions exceeding $1 million recorded within 24 hours.
XRP is poised to see a deeper pullback before continuing its broader bullish trend, while rising whale activity signals increased market participation. If buyers defend key support, recovery momentum could strengthen, but traders should closely monitor large-holder movements for signs of accumulation or selling pressure.
At the time of writing, XRP is trading at $0.9993 with a 24-hour trading volume of $880.05 million and a market capitalization of $62.63 billion. Despite the signs of stability over the last 24 hours, the XRP price structure and whale activity point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Could Target $10 as Key Trendline Holds and SBI Rewards Drive Adoption
XRP Price Eyes $12 After Possible $0.92 Pullback
According to the crypto analyst Celal Kucuker, XRP is showing a potentially interesting setup as traders weigh a deeper correction against a broader bullish outlook.
A pullback toward $0.92 would not necessarily damage the market structure and could represent a normal retracement. If buyers defend this level, renewed momentum could strengthen XRP’s recovery prospects and shift sentiment toward higher targets.
Source: Celal Kucuker’s X Post
The bullish case, on the other hand, is one that sees $12 being talked about in the longer term, though getting there will take consistent demand and several resistance breaches.
The reward for risk ratio makes this setup interesting for speculative investors at the moment. However, $12 is just a bullish target for now.
XRP Whale Transactions Jump 280% in 24 Hours
The data from Ali Charts further highlighted that whale activity on XRP is up big-time on the XRP Ledger, as witnessed by the increase in the number of transactions above $1 million, which has risen by 280% within 24 hours.
There were more than 38 transactions, showing that the whales are participating once again. This implies that the whales are getting more active.
Source: Ali Charts’ X Post
However, it is unclear whether the whales are holding onto or selling XRP because of the surge. In the case where whale transfers are linked with an increasing outflow of funds from exchanges and buy-side activities, bulls will be reinforced in their sentiments. Otherwise, the transfer towards the exchanges may indicate sell-side pressure.
What Happens Next for XRP?
The next course of action will depend on whether XRP manages to maintain the vital $0.92 support level. If this happens, there may be new buyers entering the market and thus triggering a reversal to higher levels of resistance.
A break below $0.92, on the other hand, might extend the current correction. Whales’ behavior will be watched keenly by traders.
Also Read: XRP Price Eyes Explosive Move to $10 as Institutional ETF Interest Grows
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Be the first to comment