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XRP 价格暴跌 5% :在鲸鱼囤积期间您应该立即购买 XRP 吗?

XRP price plunges 5%: Should you buy XRP immediately during whale accumulation?

Jinse Finance ·  Dec 19, 2024 16:42

XRP News: Against the backdrop of a heightened change in US monetary policy leading to a continued pullback in the Cryptos market, XRP supported by Ripple Labs has retraced over 5% in the past 24 hours, trading at around $2.36 in early European hours on Thursday. This large market cap altcoin has a fully diluted valuation of approximately $235 billion, with a 24-hour trading volume of about $20 billion, and has been in consolidation mode for the past two weeks.

Nevertheless, after a resounding victory for cryptocurrency-supporting leaders under Donald Trump's leadership in the USA, the price of XRP broke through a six-year triangular consolidation, confirming the start of a macro bull market. Additionally, amid ongoing momentum from Institutions pushing an altcoin awakening, XRP/BTC has rebounded from a key Resistance.

XRP whales loading more coins.

According to on-chain data analysis provided by Santiment, XRP whale investors (holding between 0.1 billion to 1 billion tokens) have increased their Shareholding by over 0.86 billion XRP coins this week, valued at over $2 billion.

In the continued Call outlook, XRP whales have persistently accumulated more XRP.

Betting on robust fundamentals.

Supported by Ripple and its strong business model, XRP has recently rekindled interest. Furthermore, under the incoming Trump administration, the ongoing Ripple vs. SEC lawsuit is likely to be dismissed.

On Wednesday, Ripple Labs launched the fiat-backed RLUSD stablecoin, which has strong support from centralized Exchanges and DeFi protocols.

The launch of RLUSD will significantly enhance the liquidity of XRP and strengthen the company's cross-border payment capabilities.

Medium-term goals.

From a technical analysis perspective, the XRP price has already broken out of the bullish triangle formation formed over the past two weeks. Due to the presence of a potential head and shoulders (H&S) pattern, the XRP price is likely to rebound above the historical high of $3.4 in the short term.

However, consistently closing below $2 in the coming weeks will invalidate the bullish sentiment and extend the ongoing market correction.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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