The article discusses how a cluster of crypto whales started accumulating XRP once its price dropped below $0.70. These whales have acquired 690 million coins worth approximately $345 million. Despite further decline in XRP price, the whales continue to buy, which could potentially lead to a bullish rally. The Relative Strength Index (RSI) suggests that the price trend is entering neutral territories, and combined with the whales’ buying pressure, it could result in a prolonged bull rally. However, XRP has faced resistance at $0.55 in previous rally attempts, and investors may hold out for gains around $0.60 or close their positions at a 10% profit range. If the XRP price drops below $0.40, the bears may remain in control. The article also advises readers to conduct their own research and consult with professionals before making any financial decisions.
AI Sentiment: Positive
