Ripple Is in High Demand as Whales Continue to Accumulate
Login

Ripple Is in High Demand as Whales Continue to Accumulate

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

XRP has been rallying fairly well even as Ripple deals with difficulties brought on by the most complicated case in the history of cryptocurrency. Compared to most other altcoins, the price of XRP has increased tremendously over the past few weeks. According to CoinMarketCap, the price of ripple has risen to $0.46, which is almost a 20% gain from where it was seven days ago.

The tremendous rally can be attributed to the recent movement of a huge amount of XRP tokens between different wallets. According to the data released by Santiment, there has been an increase in the number of transfers of over a million dollars worth of XRP this past week. Moreover, more whales are beginning to accumulate XRP as the number of addresses with over $10 million worth of XRP keeps increasing.

Key XRP Levels To Watch – March 27

ripple Is in High Demand as Whales Continue to Accumulate

XRPUSD has been bullish since the break of market structure (BMS) and the change of character to the upside. The break in market structure occurred as prices crashed to make the local low at the $0.3000 price level. As of now, the market’s trading range is between the $0.3540 and the $0.4940 price levels.

The reaction of the price at the equilibrium level shows that the bulls are still very interested in driving the price further to the upside. However, a retracement might sink the price deeper into the discount zone as it leaves the overbought region, according to the RSI indicator.

XRP Key Levels

Resistance Levels: $0.5600, $0.4940, $0.0.4330
Support Levels: $0.3000, $0.2400, $0.2000

Total Market Capitalization: $1.13T
XRP Market Capitalization: $23.53B
XRP Volume: $2.32B
Market Rank: #6

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News