🚨 Crypto analyst Ali Martinez reports that large XRP holders accumulated roughly 1.54 billion tokens (about $2.2 billion) over a 96-hour window, a spike he interprets as smart money positioning ahead of a potential breakout. $MUBARAK
Short-term resistance: Martinez points to the URPD indicator showing "relatively little resistance" until $1.60, where roughly 2.50 billion XRP previously changed hands—the next key level to watch for potential profit-taking.
Long-term target: Veteran trader Peter Brandt shared a monthly chart implying an eventual advance to $5.40, though he stressed that a chart or call is not a trade recommendation.
Some caution is warranted: roughly 1.6 billion XRP also flowed into Binance over the past 30 days, the highest deposit volume since March. Such inflows can signal either selling preparation or trading repositioning, so the accumulation data alone doesn't confirm a rally.
Short-term resistance: Martinez points to the URPD indicator showing "relatively little resistance" until $1.60, where roughly 2.50 billion XRP previously changed hands—the next key level to watch for potential profit-taking.
Long-term target: Veteran trader Peter Brandt shared a monthly chart implying an eventual advance to $5.40, though he stressed that a chart or call is not a trade recommendation.
Some caution is warranted: roughly 1.6 billion XRP also flowed into Binance over the past 30 days, the highest deposit volume since March. Such inflows can signal either selling preparation or trading repositioning, so the accumulation data alone doesn't confirm a rally.
