XRP Whales Add $3.6 Billion as Bullish Divergence Returns
XRP whales have added $3.6 billion in holdings alongside a bullish divergence, potentially signaling a trend reversal after a recent price dip.Summary
XRP’s price has experienced a recent decline, but a positive shift in whale behavior and the reappearance of a bullish divergence suggest a possible trend reversal. The bullish divergence, indicated by lower lows in price but higher lows in the RSI, suggests weakening selling pressure. Unlike a previous attempt in early December, which failed due to whale selling, large XRP wallets have now added approximately $3.6 billion worth of XRP in the last 24 hours. Specifically, wallets holding over 1 billion XRP increased their holdings from 25.47 billion to 27.47 billion XRP. A key price level to watch is $1.92; a decisive close above this level could confirm the reversal, with further resistance at $2.02 and $2.17-$2.21. Failure to hold support at $1.77 could invalidate the bullish outlook.
(Source：BeInCrypto)