XRP has experienced a significant increase of 4.8%, breaking through key resistance levels. If it maintains this upward momentum, it may rally towards $2.6, provided strong support is seen.
Despite the bullish trend, a large transfer of 24.54 million XRP to exchanges has raised concerns. This suggests that a potential sell-off could be on the horizon.
The number of XRP whale wallets has increased, reflecting strong interest from large holders. Spot traders are also focusing on accumulating XRP, maintaining a positive sentiment in the market.
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