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XRP Giant whale bought XRP in large amounts, and the price rebound attracted attention.
In the recent cryptocurrency market boom, compared with other altcoins, XRP (Ripple), which performed lackluster, has re-entered the public eye due to the concentrated purchase of large giant whale funds. Crypto analyst Ali Martinez pointed out that recently, giant whales have purchased XRP worth more than US$2 billion, and this strong demand has begun to have a positive impact on price trends.
Chain data shows that there is still room for growth.
Martinez said that XRP rose 8.22% in just three days. He claimed that online data showed that there was still room for further growth. URPD (UTXO Realized Price Distribution) data shared by the analyst showed relatively limited resistance in the range above current prices to $1.60.
Martinez noted that about 2.5 billion XRPs had previously been traded around $1.60, and therefore viewed this level as the next important area of resistance. According to analysts, if XRP hits this level, investors may choose to take profits, thereby increasing selling pressure.
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According to the latest data, XRP is currently trading at approximately US$1.49, up 6.33% in the past 24 hours and 5.08% in the past week.
The above content does not constitute investment advice.
