XRP Rockets to New Heights as Whales Accumulate, Bullish Technical Indicators Abound

XRP, the native token of Ripple, rockets to new heights, with its price action reflecting strong bullish momentum. Recent whale accumulation, coupled with robust technical indicators on the daily chart, signaled sustained upward movement.

Native token of Ripple XRP is continuing its bullish price action, sparking interest with its recent price action.

According to recent data, XRP rockets with whale activity as observed by Santiment.

Large wallets, specifically those holding between 1,000,000 and 10,0,000 XRP have been steadily accumulating their holdings.

This accumulation trend, coupled with smaller investors (those holding between 10,000 and 100,000 XRP) following suit, signaled a growing market confidence in the coin’s long-term potential.

As a result of this whale activity, XRP’s price surged to $1.15 at press time.

The token has seen a significant uptick in recent sessions, with the heightened on-chain activity suggesting strong institutional interest.

This behavior typically precedes substantial price rallies, further solidifying XRP’s bullish outlook.

A glance at XRP’s daily chart revealed bullish technical indicators supporting its upward trajectory.

The price had decisively broken through key resistance levels. At press time, it was trading well above the Ichimoku Cloud, indicating sustained bullish momentum.

The cloud’s upward slope further reinforced the strength of the ongoing rally.

Moreover, a golden cross between the 50-day and 200-day SMAs was on the horizon — a historically bullish technical indicator that suggested further upside potential.

The MACD indicator on the daily chart continued to expand in positive territory, with the MACD line positioned significantly above the signal line, indicating strong upward momentum.

On the other hand, the RSI was 85.61 at press time, which placed it firmly in overbought territory.

While this signaled strong buying pressure, it also warranted caution, as overbought conditions can sometimes precede short-term pullbacks.

However, the broader trend remained decisively bullish.

XRP’s next immediate resistance lay at $1.20, a critical psychological and technical level.

Breaking above this threshold could pave the way for a rally toward $1.50, where profit-taking might intensify.

On the downside, $1.00 served as strong support, reinforced by the 50-day moving average.

Furthermore, the trading volume had spiked significantly, indicating strong market participation.

This volume increase aligned with the broader market’s positive sentiment, suggesting that XRP’s rally was backed by genuine buying interest rather than speculative hype.

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