XRP Whale Buying Could Send Its Price to $4.20 in the Weeks Ahead

XRP bulls faced rejection at $2.95, but significant accumulation by large investors signals confidence in achieving a target of $4 in the near future. Notably, whales holding between 10 million and 100 million tokens have acquired over 120 million XRP worth about $340 million in the past few days. The price previously rebounded from $2.70 to $2.92 but has seen some profit-taking afterward. Analysts highlight that the XRP/USD pair is on the verge of a potential trend reversal, contingent upon surpassing the resistance at $3.05. If this barrier is breached, a bullish breakout could propel XRP towards the higher target of $4.20, representing a 47% increase from current levels. Furthermore, a strong quarterly closing for XRP is anticipated, potentially leading to more significant gains as we head into Q4. However, caution is advised as all investments carry inherent risks, and individual research is essential before making trading decisions.

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