XRP Whales Splash Cash: $3 or Bust? 🌊💰

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Key takeaways, darling: 🕶️✨

  • The number of XRP whale addresses has soared to a dazzling 317,500, a record that even the most extravagant of us would applaud. Accumulation, my dear, is the new black. 🦈💼

  • XRP must first pierce the $2.59 resistance, a mere trifle for such a formidable creature, before it can reclaim the coveted $3. How quaint. 🎯💎

Ah, XRP (XRP), the phoenix of the crypto world, has risen from Friday’s ashes of $2.18, ascending a glorious 13% to a Monday high of $2.48. 🦅🔥 A technical setup so divine and whale activity so robust suggest a trend reversal toward $3. How utterly predictable, yet thrilling! 🎭📈

What’s behind XRP’s rebound, you ask? 🧐

The whales, those titans of the crypto seas, remain as confident as a dandy in a bespoke suit, using the recent pullback to accumulate more tokens. How très chic! 🐋🛍️

Santiment, that arbiter of market whimsy, reports that the number of wallets holding at least 10,000 XRP has reached an all-time high of 317,500. “XRP’s price has rebounded a modest +5.3%,” they chirp, as if modesty were ever in fashion. 🦚📊

The market intelligentsia, ever so clever, notes that the growth of mid to large stakeholders is a “good long-term sign.” How reassuring! 📈💼

“XRP now has over 317.4K wallets holding at least 10K coins for the first time in history.” 🏆📜

This, my dear reader, aligns with a dramatic decrease in XRP supply on centralized exchanges, according to Glassnode. The chart below, a masterpiece of data, shows the percentage of XRP supply on exchanges plummeting to 3.9% from 6.12% between Sept. 19 and Oct. 19. How deliciously scarce! 📉🔒

“The majority of XRP on exchanges is already gone,” proclaims Black Swan Capitalist, a crypto investor with a flair for the dramatic. “With so little liquidity left, any significant demand will force the market to absorb the remaining supply instantly. Conditions are ripe for a major trend reversal.” 🌪️💥

“Conditions are ripe for a major trend reversal.” 🌪️💥

As CryptoMoon, that celestial chronicler, reports, Ripple is planning to build a $1 billion Digital Asset Treasury company. How utterly extravagant! 🌕💼

XRP price needs to reclaim the 200-day SMA, darling. 📉✨

XRP’s price action has been following a potential V-shaped recovery chart pattern on the daily time frame since mid-September, a pattern so bullish it could make a bear blush. 🐂💖

A V-shaped recovery, my dear, is a pattern formed when an asset experiences a sharp price increase after a steep decline. It is completed when the price moves up to the resistance at the top of the V formation, also known as the neckline. How très dramatic! 🎭📈

XRP appears to be on a similar trajectory, but the bulls must flip $2.59, where the 200-day simple moving average (SMA) sits, to confirm the recovery. Another barrier, stiff as a British upper lip, lies within the $2.81 and $2.95 supply zone, bounded by the 50-day and 100-day SMAs, respectively. 🏰🔒

Higher than that, the next logical move would be the neckline at $3.40 to complete the V-shaped pattern. This would represent a 26% increase from the current price. How utterly divine! 🌟📈

XRP analyst Egrag Crypto, a name as enigmatic as it is chic, highlights the key levels to watch, saying that a “close above $2.55 to $2.65 on the 3-day time frame would be a strong bullish signal!” How très technical! 📊✨

Meanwhile, the Bollinger Band width, a technical indicator as tight as a corset, has reached its narrowest point since June, signaling that a significant price move may be underway. The last time the bands were this tight, it led to a 66% rebound in XRP price from its multi-year high of $3.66 from $2.20. How utterly thrilling! 🎢💥

As CryptoMoon reports, the 20-day EMA at $2.63 is a critical level for the bulls to overcome, as a break above could propel XRP price toward $3.40. How très ambitious! 🚀💎

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2025-10-20 16:52