Crypto
Ripple's XRP Surges Past $1.50 as Whales Load Up
Ripple's XRP has cleared the $1.50 resistance zone and is trading at $1.54, up 7% over the past 24 hours.
The token's price rebounded after a scare earlier in the month when it briefly lost the $1.14 support level.
On-chain data suggests that there may still be room to run for XRP, as whales have accumulated more than $2 billion worth of the token.
The 200-day moving average near $1.27-$1.28 held as support during the recent pullback and now functions as the line in the sand for the broader recovery structure.