XRP has been under a lot of pressure this year.
The price has continued to fall since January, leaving much of the circulating supply in the red.
On-chain data shows the extent of tension that prevailed in the market as a significant segment of XRP holders suffered losses after the recent collapse.
Trading activity on the XRP network has slowed, with many traders holding back and waiting for a clearer trend.
Liquidity also began to decline; As trading volume decreases, any modest entry or exit can cause the price to move aggressively, making the market more sensitive to larger trades.
However, some still believe in the project.
Data from Santiment shows that whale wallets containing between 1 million and 100 million XRP are steadily increasing their balances.
In total, these large wallets added around 210 million XRP during the latest collection phase.
This type of activity typically attracts attention because whales often think long-term and build their investment positions when sentiment is low and liquidity is tight.
XRP Price Forecast: Are Whales Preparing for a Bigger Move?
With trading activity slowing and cross-platform liquidity dwindling, recent accumulation by major holders of XRP could become a key factor in determining the asset’s next move.
The graph reveals the same story; As XRP prepares to… Big move.
Price is narrowing in a wedge pattern between a resistance level near $1.50 and bullish support just above $1.30. This pattern usually shows the market losing momentum before a larger move occurs.
Right now, the $1.30 level is the key bottom; As long as this level is maintained, XRP can continue to consolidate and attempt a new breakthrough.
However, the USD 1.50 level remains an obstacle.
A clear break above this level would open the way towards $1.61, with targets near $1.90 and $2.20 if momentum builds.
But if the $1.30 level were to be breached while liquidity remained low, the decline could accelerate quickly, in which case the next major support level would be near $1.12.
Maxi Doge Project Could Save Coins in This Bear Market
When coins like XRP start moving very slowly and each price bounce seems painful, traders quickly become anxious.
No one in the crypto world likes to sit around and wait for momentum to appear.
This is usually the time when attention turns to something that actually looks ready to move.
This is where Maxi Doge ($MAXI) comes into play.
This project does not seek to play the game of patience and stability; It’s all about speed, meme energy, bold branding, and a community that grows stronger as sentiments change and traders start looking for the next narrative to catch on.
In short, the project is built around a dynamic.
Early signs of demand indicate that people are already starting to notice; The $MAXI token presale has so far raised approximately $4.6 million, while early participants can lock up their tokens and earn staking rewards of up to 67% APY.
When big players are busy accumulating slower-moving assets, retail traders usually start looking for the next coin that can move quickly. And Maxi Doge seems to be preparing perfectly for this moment.
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The article XRP Price Forecast: Whales Just Bought 210 Million XRP Tokens, Is a Big XRP Update Approaching? appeared first on Cryptonews Arabic.
