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XRP Price Eyes Breakout Towards $1.46 as Whale Accumulation Recovers

Guavy AI Editorial Team
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XRP
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XRP's price has been trading near $1.40 in recent days, but analyst Ali Martinez believes it could be on the verge of a breakout towards $1.46.

The recovery is attributed to the rebound in whale accumulation, which had turned mostly negative in late August.

According to CryptoQuant's Whale Flow 30DMA data, XRP whale accumulation has strengthened again in September after fading in late August.

Daily XRP Ledger transactions have remained above 2M, while futures open interest reached $3.13B.

Martinez identified a descending triangle on XRP's hourly chart and said that an hourly close above $1.40 could open a path towards $1.46.

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