It's Tuesday, and the $XRP sellers are showing signs of exhaustion. đđ
A bullish crossover is on the horizon on the monthly timeframe, while the bull flag remains intact on the same timeframe. If these structures play out, we could see $XRP challenge its ATH and potentially enter a new price discovery phase.
Our bigger target remains $589, and remember, we previously pointed to $9 as a key breakout level. A breakout could open the door to a much bigger repricing. đŻ
đ WHALES CONTINUE TO ACCUMULATE!
According to Santiment, wallets holding at least 10 million $XRP now control approximately 68.5% of the total supply, equivalent to around 46.87 billion XRP.
That's the highest concentration for this group since November 2022. Despite a slight decline in the number of wallets in the 10Mâ100M XRP tier, large holders have continued increasing their overall exposure.
This is an important supply-side development.
But the technical picture is only one part of the story. Let's look at the fundamentals supporting the bigger thesis. đ
#XRP #XRPArmy
A bullish crossover is on the horizon on the monthly timeframe, while the bull flag remains intact on the same timeframe. If these structures play out, we could see $XRP challenge its ATH and potentially enter a new price discovery phase.
Our bigger target remains $589, and remember, we previously pointed to $9 as a key breakout level. A breakout could open the door to a much bigger repricing. đŻ
đ WHALES CONTINUE TO ACCUMULATE!
According to Santiment, wallets holding at least 10 million $XRP now control approximately 68.5% of the total supply, equivalent to around 46.87 billion XRP.
That's the highest concentration for this group since November 2022. Despite a slight decline in the number of wallets in the 10Mâ100M XRP tier, large holders have continued increasing their overall exposure.
This is an important supply-side development.
But the technical picture is only one part of the story. Let's look at the fundamentals supporting the bigger thesis. đ
#XRP #XRPArmy
