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Crypto

XRP Smashes Resistance as Whale Accumulation Signals New Cycle

Guavy AI Editorial Team
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XRP has broken through a significant resistance point, surpassing $0.47 for the first time since November 2021. This price level had acted as a barrier to further gains, but its breach suggests a shift in market sentiment.

The move comes amid a broader recovery in the cryptocurrency market, with several major digital assets posting gains over the past week. However, XRP's performance has been notably stronger, outpacing Bitcoin and Ethereum in the same period.

Data from CryptoRank shows that large holders, or 'whales', have been accumulating XRP during this move. Addresses holding between 1 million and 10 million XRP have increased their holdings by 7% over the past month.

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