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# Billion-XRP Deal: Whales Won’t Be Left Out
XRP on-chain rises, though this tendency might not extend to the digital money arena
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On-chain data reveals a stunning one billion XRP transaction, and XRP has created a buzz in the cryptocurrency market, with a surge in trading. Considering that XRP still holds a crucial support level, this unforeseen influx has sparked worries about a potential market change. Following the recent downturn, the asset has been stabilizing and is presently trading at $2.30, which undoubtedly introduces uncertainty to its next move.
After recently falling below a crucial rising trend line, XRP’s price has struggled to maintain bullish momentum. Nevertheless, the asset has found support at $2.28, which is the 100-day moving average. This level may act as a transitional point before the next major price movement. Even with a short dip to $2.26, XRP has demonstrated resilience and remained above this key level.
XRP needs to reclaim the $2.50 level, which corresponds to the 50-day moving average, to see a substantial recovery. If buying pressure increases, XRP has the potential to move towards $2.75, restoring its bullish structure. The next critical support level is near $1.79 – close to the 200-day moving average – which could lead to additional losses if the current support level is broken.
Bullish scenario: Break above $2.
Assuming Ripple can maintain a position above $2.28 and purchasers intensify their activity, the 50-day moving average might set the stage for a surge towards $2.75. Over the next few weeks, a consistent breakthrough beyond this threshold could propel the cost closer to $3.00, amplifying optimistic market sentiment.
In a pessimistic outlook, should selling momentum endure, Ripple might examine the $1.79 mark, with a breach below the $2.28 support possibly triggering additional drops. A collapse under this point could broaden deficits towards the $1.50 zone, suggesting an extended downturn.
At present, Ripple stands at a pivotal moment. The latest spike in Ripple’s valuation, encompassing billions of tokens, may suggest heightened instability; consequently, the market’s trajectory will become clear in the upcoming trading periods.
