XRP's facing ups and downs, plunging over 23% recently before a 20% rebound. This unpredictability has reignited talks about its future potential. Despite the challenges, whales have bought 80 million XRP, suggesting confidence among big players.
Even though XRP trades 22% below its multi-year high, it remains above a crucial support level. Holding this position is essential for a bullish outlook. Whale activity is a positive signal, hinting at possible price movement if XRP stays above $2.
Currently trading at $2.35, XRP shows resilience. However, breaking $2.60 is key for stronger recovery. Market sentiment remains cautious, as dropping below $2 could spell trouble.
