Whale wallets holding between 1 million and 10 million XRP coins increased their holdings by approximately 30 million XRP in the past 24 hours, according to analyst Ali Martinez. These large holders expanded their total holdings from 6.74 billion to 6.77 billion XRP during a period when the cryptocurrency’s price declined to $2.84.
The accumulation occurred alongside significant whale activity, with approximately $812 million in XRP transferred between unidentified addresses during the same timeframe. Such large-scale movements typically attract attention during periods of low volatility or declining prices.
XRP currently trades at $2.87, representing a slight decline over 24 hours and a 4 percent drop over the past week. Martinez suggests that maintaining support above $2.71 could enable a move toward $3.60, with this level serving as a critical short-term floor that has withstood multiple tests.
Analyst Javon Marks maintains a bullish long-term outlook, noting that XRP continues trading above $2.47, which he considers a confirmation point for further gains. Marks projects a potential move to $4.80, representing a 66 percent increase from current levels, with an extended target near $7.14 based on breakout strength and trading volume.
However, caution persists among some analysts. Tom Tucker has identified warning signs, including XRP’s slip below $3.00 and the formation of a descending triangle pattern. He warns that a break of current support could lead to a decline toward $2.07, a 26 percent drop from present levels.
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