XRP Whale Activity Sparks Market Buzz
XRP is in the spotlight as a single whale snaps up 20 million tokens worth a whopping $27 million from Upbit, according to market analyst Xaif Crypto.
This massive buy signals renewed confidence among major holders as the token consolidates within a key trading range.
On the other hand, Japan’s Rakuten Wallet recently expanded its crypto lineup, adding XRP and four other coins for spot trading. This move boosts investor access and liquidity, potentially driving greater market activity and upward price momentum.
On the technical front, Xaif Crypto points to mounting tension in XRP’s price. The liquidation heatmap reveals dense clusters at $1.27–$1.28 below and $1.35 above, forming ‘liquidation walls’ that could trigger rapid, high-volume moves once breached.
For bulls, defending $1.29 is critical because falling below this zone could ignite a swift long-position hunt, amplifying short-term volatility.
Whale Accumulation and Key Support Set Stage for Potential Breakout
XRP is trading at $1.30, bouncing bullishly from its macro channel floor, according to CoinCodex.
Notably, this rebound signals growing momentum as buyers defend key support. With price trapped between dense liquidity walls, the market is coiling, primed for a potential breakout.
Momentum signals suggest XRP’s next psychological target is $1.50, a level historically acting as both resistance and a magnet for speculative buying.
Sustained bullish pressure, fueled by ongoing whale accumulation, could accelerate the climb, while a break below $1.29 may trigger sharp corrections, underscoring the fragile balance within its current range.
XRP is entering a high-stakes phase, where whale activity, expanding exchange access, and critical technical levels converge. For now, the altcoin finds itself in a dilemma because it’s torn between continuing with its bullish push or facing renewed selling pressure.
Conclusion
XRP stands at a pivotal point as whale accumulation, strategic exchange expansions, and compressed technical ranges converge. With $1.29 serving as critical support and $1.50 looming as the next psychological barrier, the coming days could set the tone for its short-term trajectory.
Source: https://coinpaper.com/16062/xrp-price-prediction-whale-scoops-20-m-coins-as-1-27-1-35-levels-light-up
