XRP Whales Accumulate Despite Bear Market Lows

XRP whales are accumulating despite the ongoing bear market, raising questions about whether the downturn has finally ended.

As of now, XRP's price action on the 4-hour chart is stuck at $1.04, right above the lower Bollinger Band support level.

The EMA50 and EMA200 indicators are acting as resistance levels at $1.07 and $1.09 respectively, while the MACD death cross confirms bearish momentum in the market.

With RSI remaining neutral at 33.67, XRP traders are keeping a close eye on whether sustained whale flows can push prices back up to the $1.07 level before any broader crypto market downturn extends further.