Lokesh Gupta
28-01-2025
The XRP token recorded a 24-hour low of $2.65 following the Deepseek panic selling. However, the XRP price has recorded a strong bullish recovery by adding 11.66% in 24 hours with a trading volume of $11.77 billion. In the latest XRP News, the whales have Accumulated 120 million opening the way to reach $5.
Top crypto analyst Ali Martinez recently shared on X that whales grabbed 120 million $XRP during the recent price dip! This accumulation suggests big players might be positioning for a potential move—something worth keeping an eye on!
Top Crypto analyst Ali Martinez pointed out that Bollinger Bands are tightening on the $XRP daily chart, which could mean a big price move is coming soon!
As per Egrag Crypto analysis, On the 4-hour time frame, XRP is closing above the 21 EMA, signaling a bullish trend in the short term. This indicates strong momentum and growing confidence among buyers.
Zooming out to the bigger picture, this development is highly encouraging! The Bulls have been relentlessly accumulating every available XRP below $3, building a solid foundation for future growth.
The daily close for $XRP looks strong, with a hammer candle forming at a key support level—a bullish sign! If the XRP Price successfully breaks above the trendline, there's a chance for an upward move. The target remains above $5, making this a crucial moment to watch!
Additionally, CoinGlass data revealed an 8.65% increase in XRP Futures Open Interest, indicating a surge in bullish sentiment across the market.
Considering all these factors, XRP appears poised for a further rally in the coming days. With strong accumulation, bullish indicators, and increasing investor confidence, a move towards $5 could be on the horizon.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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