Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate
Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency. One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could […]
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XRP whales look to have regained their confidence in the XRP token, with recent data showing an accumulation trend among these investors. This is significant as XRP eyes the $1 mark and as these XRP whales could play a role in facilitating such a price rally. XRP Whales Buy 140 Million Tokens Crypto analyst Ali […]
After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower. Related Reading: Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The […]
The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to popular rumors, BlackRock isn’t among them. Meanwhile, analysts are divided on whether the worst is behind for Bitcoin’s price. Whales Accumulate Bitcoin, But It’s Not BlackRock On-chain analyst James V. Straten recently highlighted a trend in the accumulation score by cohort chart. He remarked, “Seems like peak Bitcoin distribution is behind us, as we can see a slight tick-up in accumulation. This is the most....
According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.