Crypto Whale Buys 540 Million XRP, Here's the Proof!

Bittime - XRP whales are back in action! Large investors bought 540 million XRP amid falling prices. Is this a sign that the XRP price will return to $3? Here's the review. 

In the midst of a downward trend in prices, whales are in fact bought 540 million XRP in large quantities. This phenomenon fuels speculation that prices XRP coin could rise again to reach the psychological level of $3 (around Rp. 48,900).

XRP Wholesale Whale in the Middle of a Decline

According to data from Saintly, a leading blockchain analytics platform, whale has accumulated 540 million XRP when the price is near the crucial support level of $2 (around IDR 32,600). 

This information was first revealed by a crypto analyst Ali Martinez in a post on the platform X (Twitter) on February 7, 2025.

Historically, large buying actions by whales have often occurred pemicu price surge in the future. This large accumulation indicates investor confidence in XRP's prospects, even though the crypto market is currently experiencing pressure.

Read also: Can XRP Rise to $100? Investor Sentiment Revealed!

XRP Heads to $3? These are the conditions

XRP price increase to $3 (around Rp. 48,900) does not only depend on whale activity. Overall market conditions and positive sentiment in the crypto industry will also play an important role.

However, several factors can be obstacles, such as:

- Market sentiment is still volatile due to global economic uncertainty.

- The impact of President Donald Trump's policies which recently raised import tariffs from Canada, Mexico, and China, thereby affecting investor interest in the crypto sector.

- Ripple vs SEC legal case who still haven't found a bright spot. If this lawsuit is resolved with a positive result, XRP could potentially experience a more significant price spike.

XRP Technical Analysis

According to technical analysis from Egrag Crypto, XRP is currently moving in a tight range based on Fibonacci retracement levels:

- Main resistance are on level Fib 0.618 ($2.65 or around IDR 43,195) And Fib 0.702 ($2.80 or around IDR 45,640).

- Strong support is on the level Fib 0.236 ($2.06 or around IDR 33,578) And Fib 0.382 ($2.27 or around IDR 37,001).

- If XRP is able to close the daily price above 21-day exponential moving average (EMA) at $2.70 (around Rp. 44,010), then the chance of a price increase is greater.

However, if XRP falls below $1.77 (around Rp. 28,851), then the selling pressure will become stronger and the price could experience a deeper correction.

Read also: XRP and SOL: Two Crypto Assets with the Potential to Make a Profit, Here's the Analysis!

XRP Price Prediction from AI

Meanwhile, some analysis tools are based AI (Artificial Intelligence) gives an optimistic prediction for XRP:

- AI Finbold projects XRP will rise 16,04% until it reaches $2.77 (approximately Rp. 45,151) at the end of February.

- ChatGPT-4o predicts XRP could reach $3.20 (around Rp. 52,160), supported by bullish technical signal like The SMA50 is above the SMA200 and patterns golden cross.

- Grok 2 Vision expects XRP to reach $2.62 (around Rp. 42,806) with an increase 9,62% in the next few weeks.

Conclusion

Big buy by whale shows that there is optimism among large investors regarding the future of XRP. However, price movements still depend on external factors such as regulations, global market conditions and technical dynamics.

If buying pressure continues and market sentiment improves, XRP has the potential to penetrate $3 (around Rp. 48,900) soon. However, investors still need to be careful and consider the risks before making investment decisions.

FAQ

1. Why do whales buy XRP in large amounts?

Whales take advantage of falling prices to accumulate XRP, which historically has often been a sign of future price increases.

2. Can XRP reach $3?

This possibility exists, especially if market conditions improve and XRP is able to break through the important resistance level at $2.80 (around IDR 45,640).

3. What are the main factors influencing the current price of XRP?

The main factors include whale buying actions, overall crypto market conditions, global economic policies, and developments in the Ripple vs SEC legal case.

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Reference 

coinmarketcap, XRP Coinmarketcap, accessed February 12, 2025.

finesse, Whales buy 540 million XRP in the dip; Is $3 next?, accessed February 12, 2025.

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