The transfer of 42 million XRP for $98.6 million shows increasing institutional interest. Coupled with a 247% spike in funding rates, this signals a bullish outlook for XRP, as investors see this as a prime opportunity for accumulation.
Currently trading in a descending channel between $2.20 and $2.65, XRP is testing its support zones. Signs of increasing buying pressure and a favorable funding rate suggest that XRP could experience a significant rebound if key resistance levels are surpassed.
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