XRP Price Holds Above Trendline, Whales Accumulate: $3 in Sight? Bullish Signals Point to Potential Breakout

XRP price has been consolidating between $2.03 and $2.13 since April 14, with onchain and technical data suggesting a potential breakout towards $3.00. Whale accumulation has been evident as large investors took advantage of the price drop to $1.61. Whale addresses holding significant amounts of XRP have increased, indicating confidence in price appreciation. Additionally, XRP exchange reserves have significantly dropped, with a decrease of 10% over the last 30 days. The formation of a bull flag pattern on the daily chart suggests a possible breakout towards $3.00 if the price successfully closes above the upper trendline at $2.10. Analysts are optimistic about XRP’s price movement, with key resistance levels at $2.22 and $2.75 and support levels at $1.80 and $1.61. The bullish outlook is supported by reaccumulation and falling wedge patterns, pointing to a target above $3.50 for XRP. This article provides insights into XRP’s price potential, but readers are advised to conduct their research before making any investment decisions.

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