Key takeaways:
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XRP whales are buying the dip like it’s a Black Friday sale at Costco. 🛒💰
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XRP needs to stay above $2.70 or it’s gonna be a rough day at the office. 📉😬
So, XRP (XRP) decided to flex on Wednesday, jumping 6.8% from Monday’s lows around $2.70. Traders are like, “Oh, a sell-off? Let’s just bounce back like it’s nothing.” 🏋️♂️💪
Apparently, the technical setup and onchain data are screaming, “Trend reversal to $4, baby!” But let’s not get ahead of ourselves. 🚀📈
XRP’s Symmetrical Triangle: The Chart Pattern That’s Got Everyone Like 🤔
CryptoMoon Markets Pro and TradingView are showing XRP bouncing off the lower trend line of a symmetrical triangle. Sounds fancy, right? Basically, it’s like XRP is stuck in a geometric argument with itself. 🔺🤷♂️
If it breaks out above $3, we’re looking at a 42% rally to $4.08. But first, it’s gotta deal with resistance at $3.40 and $3.66. Good luck, buddy. You’re gonna need it. 🍀😓
CasiTrades, the trader with a name that sounds like a casino, pointed out a “massive wick down to a double bottom near $2.70” on the four-hour chart. Because nothing says “I’m serious” like a double bottom. 🤡📉
Her key levels? $2.79 and $2.70. If it drops below that, we’re looking at $2.58. But hey, no pressure. 💼😰
“The market is preparing for a major trend shift.” – CasiTrades, probably while sipping a latte. ☕🤓
CryptoBull, who sounds like a superhero for cows, thinks XRP could hit $5 in October if it breaks out of a bull flag pattern. Because why not? Let’s aim for the moon while we’re at it. 🌕🐂
Whales Accumulating Like It’s Going Out of Style
Santiment’s Supply Distribution metric shows whales are buying XRP like it’s the last slice of pizza. 🍕🐳 They’ve scooped up 30 million more tokens, bringing their total to 6.77 billion XRP. That’s 11% of the circulating supply. Talk about confidence. 💪😎
By buying the dips, these whales are basically saying, “We’re not selling, and neither should you.” It’s like a financial pep talk. 💬🤑
Meanwhile, XRP’s net holder position change has been positive since Aug. 22. Investors are positioning for upside, not running for the hills. 🏃♀️➡️🏔️
So, if you’re trading XRP, keep an eye on the $2.70-$3 range. It’s where the action is, and where the whales are making their move. 🕵️♂️🐋
Will XRP hit $4? Who knows. But one thing’s for sure: it’s gonna be a wild ride. Buckle up. 🎢🚀
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2025-09-24 15:17