{"id":134789,"date":"2024-12-08T17:23:57","date_gmt":"2024-12-08T10:23:57","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134789"},"modified":"2024-12-08T17:23:57","modified_gmt":"2024-12-08T10:23:57","slug":"xrp-crosses-2-50-can-whale-activity-sustain-the-rally","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134789","title":{"rendered":"XRP crosses $2.50 &#8211; Can whale activity sustain the rally?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">XRP is seeing its second day of positive trends after consecutive declines.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Whale accumulation has yet to see a significant drop despite the slight price increase.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP\u2019s<\/a> recent price movements have sparked significant interest, particularly in whale activity, during its dip.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> The digital asset\u2019s rally to $2.43, alongside visible whale accumulation patterns, has prompted questions about the sustainability of its upward trajectory and the potential implications for smaller investors.<\/span><\/p>\n<h2><b>XRP whales seize opportunity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s look at <a href=\"https:\/\/app.santiment.net\/charts\/MXhsy4cp__sCl\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Santiment data<\/a> revealed that <a href=\"https:\/\/ambcrypto.com\/xrp-sees-288-mln-outflow-sign-of-a-price-surge\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP<\/a> whales\u2014addresses holding between 1 million and 10 million coins\u2014have increased their holdings as the price faced volatility. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As XRP dropped from $2.90 to $2.22, whales purchased over 120 million XRP, totaling $288 million. Historically, such whale activity during price dips has signaled confidence in the asset\u2019s long-term prospects. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A look at the historical context suggests that whale accumulation often precedes bullish price action, as seen during XRP\u2019s major rallies in 2021 and mid-2023.<\/span><\/p>\n<div id=\"attachment_450160\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450160\" class=\"size-full wp-image-450160\" alt=\"XRP whale supply\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450160\" class=\"size-full wp-image-450160\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024.png\" alt=\"XRP whale supply\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.44-07-Dec-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450160\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s look at the MVRV showed that the last time there was a spike in accumulation, the ratio was negative. This showed that the whales bought and held at a loss. Also, the MVRV was around -30% around that period.<\/span><\/p>\n<div id=\"attachment_450161\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450161\" class=\"size-full wp-image-450161\" alt=\"XRP 30-day MVRV\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450161\" class=\"size-full wp-image-450161\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024.png\" alt=\"XRP 30-day MVRV\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRP-Ledger-XRP-12.09.39-07-Dec-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450161\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">However, the current scenario shows a more significant divergence. While whales have accumulated, the 30-day MVRV ratio was approximately 39.66%, signaling that XRP remained in overbought territory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This ratio suggested that profits were higher than average, leaving the asset vulnerable to profit-taking in the short term.<\/span><\/p>\n<h2><b>Price action and technical indicators<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/xrp-targets-3-should-you-wait-for-more-gains-or-dump-to-break-even\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP\u2019s<\/a> price chart showed a steady upward trend with the RSI at 74, signaling overbought conditions. The MACD also indicated bullish momentum, supported by a positive crossover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Despite these bullish signs, the asset\u2019s rally may face resistance near the $2.50 level due to heightened selling pressure. As of this writing, it was trading at around $2.55, with a slight recovery.<\/span><\/p>\n<div id=\"attachment_450169\" style=\"width: 1501px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450169\" class=\"size-full wp-image-450169\" alt=\"XRP price trend\" width=\"1491\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09.png 1491w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-300x149.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-1024x508.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-768x381.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-1200x596.png 1200w\" data-lazy-sizes=\"(max-width: 1491px) 100vw, 1491px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-450169\" class=\"size-full wp-image-450169\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09.png\" alt=\"XRP price trend\" width=\"1491\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09.png 1491w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-300x149.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-1024x508.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-768x381.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/XRPUSD_2024-12-07_12-08-09-1200x596.png 1200w\" sizes=\"auto, (max-width: 1491px) 100vw, 1491px\"\/><\/a><\/p>\n<p id=\"caption-attachment-450169\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">A comparison with previous whale activity during dips reveals mixed outcomes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, whales that accumulated during dips in early 2021 saw substantial profits as XRP rallied, while those who bought during its mid-2023 dip experienced extended stagnation before recovery.<\/span><\/p>\n<h2><b>Market sentiment and broader context<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The overall market sentiment plays a crucial role in determining whether whale accumulation can sustain XRP\u2019s upward momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> If whale buying continues to drive demand, coupled with favorable macroeconomic conditions, XRP could challenge its next resistance levels. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s <a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP market cap in BTC\u2019s terms<\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">On the other hand, profit-taking by whales or a shift in broader market sentiment could lead to a consolidation or correction phase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Historical patterns and current on-chain metrics suggested a mixed outlook, with bullish potential tempered by the possibility of a short-term pullback.\u00a0<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"previous-blog\">\n\t\t\t\t\t\t\t\t\t\t\tPrevious: <a href=\"https:\/\/ambcrypto.com\/elon-musk-sparks-baby-doge-frenzy-but-is-the-hype-short-lived\/\" rel=\"next\" data-wpel-link=\"internal\">Elon Musk sparks Baby Doge frenzy, but is the hype short-lived?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/pepes-market-is-in-a-tug-of-war-but-whats-driving-the-memecoins-volatility\/\" rel=\"prev\" data-wpel-link=\"internal\">PEPE\u2019s market is in a tug of war, but what\u2019s driving the memecoin\u2019s volatility?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/xrp-crosses-2-50-can-whale-activity-sustain-the-rally\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP is seeing its second day of positive trends after consecutive declines. Whale accumulation has yet to see a significant drop despite the slight price increase. XRP\u2019s recent price movements &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134789\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134789","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134789"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134789\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}