A whale investor has opened a long position in XRP using 20x leverage, worth approximately $3.08 million at current prices.
The move comes as XRP's price has risen by 11.42% over the past 24 hours to reach $1.51 per unit.
Analysts are watching the cryptocurrency's price action closely, with key support levels identified at $1.20-$1.30 and resistance at $1.75.
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