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- XRP surged 5% despite a “death cross,” signaling potential for a major breakout.
- Whales have accumulated over 80 million XRP since December 17, showing strong confidence.
- A breakout past $2.73 could lead to new highs, targeting XRP’s all-time record.
Ripple (XRP) has captured attention with a surge of 5% in 24 hours. This rally comes despite the “death cross,” a signal often viewed as bearish. Historical data and recent whale activity suggest even bigger moves ahead. With a history of dramatic gains, XRP might be on the verge of breaking past old records. Could this be the long-awaited rise traders have been waiting for?
$XRP recently displayed a series of strength rarely seen since the 2017 run, as history pointed to happening again, and history points to much more coming!
— JAVON⚡️MARKS (@JavonTM1) December 20, 2024
By previous performance, All Time Highs (>$3.317) and MUCH HIGHER is looking to also be a matter of when, and not if ⚡️… https://t.co/taeYW8FVPc pic.twitter.com/3CoNdZj6cI
Ripple Defies Bearish Trends
XRP bounced back from lows of $1.95 to reach $2.38, showing unexpected strength. The broader crypto market also saw recovery after a sell-off earlier this week. Inflation data released on Friday calmed concerns, helping markets regain momentum.
Whale activity added fuel to XRP’s rally. Large holders transferred nearly 100 million XRP, worth over $220 million, during the dip. Crypto analyst Ali Martinez reported whales purchasing 80 million XRP since December 17. This buying spree reflects confidence in XRP’s potential.
Technically, XRP faces resistance at $2.72. A break above this level could lead to significant gains. If the price drops below $1.90, however, XRP might fall toward $1.59. Analysts expect price movement between $1.90 and $2.72 before a decisive breakout.
Ripple’s Foundation Strengthens
The XRP Ledger continues to innovate. The Multi-Purpose Token (MPT) standard recently passed a detailed audit without critical issues. This success strengthens the platform’s security and credibility, attracting developers and institutions.
A breakout past $2.73 could spark a rally toward the previous all-time high of $3.31. Historical trends suggest even higher targets may follow. Recent whale activity and technical progress hint at a bright future for Ripple.
XRP appears ready for a new wave of growth. With strong buyers and solid network developments, the next big move seems closer than ever. Ripple’s momentum signals not just recovery but the potential for historic gains ahead.