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06/08 12:03

Xrp Price & Whale Activity Suggest Accumulation Mo

Xrp Price & Whale Activity Suggest Accumulation Mode

Glassnode data reveals wallets with between 1–10 million units adding to their totals 6 billion XRP and the group with more than 100 million now possessing close to 10 billion coins. One week alone 453.3 million of the tokens were spent, such as a sale of 44 million tokens by a Turkish exchange and a transfer of 120 million internally between anonymous wallets.

Coinpedia analysts contend that such clustering tends to lead to front-run breakouts, forecasting the XRP Price to $5 if momentum is sustained. Despite all this though, the token fell by 5 % to $2.31 and the MACD turned red, reminding traders that the price of XRP remains vulnerable to macro volatility and to SEC timelines.

Coingape Chartists believe that the Elliott-wave pattern can bring the XRP Price to $12 by 2026 if an ETF comes in and ledger enhancements drop.

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