Xrp Price Surges Ahead as Whales Are Caught Moving Millions
Login

XRP Price Surges Ahead as Whales Are Caught Moving Millions

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

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


In the previous few hours, various exchanges have transacted XRP valued at around $177 million, according to Whale Alert. Ripple has, without a doubt, been trading in a range for a very long time. While the present bearish trend on the global cryptocurrency market might be somewhat attributed to this consolidation, it can also be attributed to the whales’ current XRP accumulation.

The bearish season has caused a lot of negative sentiments, which are not typically good for the crypto market. However, this bearish season seems to be coming to an end, as the whales could be seen increasing their activities on XRP, as reported by multiple sources. At this rate, XRP might be among the first coins to experience the out-of-bearish-season move when the bearish season ends.

Key XRP Levels To Watch – February 8

XRP Price Surge Ahead As Whales Caught Moving Millions of XRP

Since the emergence of the diagonal resistance, the market’s overall trend has been bearish. According to the Relative Strength Index (RSI), XRPUSD seems to be heading into the discount, probably to execute buy orders for a retracement or total reversal to an uptrend.

For a successful change in the market’s environment to the upside, the diagonal resistance must be successfully invalidated. Should the previous low at the $0.3700 price level get broken, the price might tap into the bullish order block that will cause a massive expansion sufficient enough to break the diagonal resistance.

XRP Key Levels

Resistance Levels: $0.5600, $0.5100, $0.4200
Support Levels: $0.3000, $0.2400, $0.1700

Total Market Capitalization: $1.02T
XRP Market Capitalization: $19.43B
XRP Volume: $1.49B
Market Rank: #6

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.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