XRP Price Gearing Up For Rebound As Whales Make Their Move
Although the XRP price has witnessed a decline along with the overall crypto market since the beginning of October, recent price action shows XRP is consolidating in the $0.5 support level, suggesting the early stages of a rebound may be brewing. In addition to this, on-chain data has revealed some whales are expanding their holdings in preparation for the rebound. Large XRP Transactions Hint At Accumulation Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges, suggesting some whales might be accumulating XRP tokens. Related Reading: Why Does....
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Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering form. But while most investors hold their breaths in wait for what happens next, whales are on the move with their bitcoin investments. Whales Gearing Up For Next Bitcoin Rally Whales have been known to move large amounts of cryptocurrencies across wallets. These happen both in....
On-chain data shows the Ethereum whales have recently gone on a $425 million shopping spree, a sign that could be positive for the asset. Ethereum Whales Have Participated In Accumulation Recently As pointed out by analyst Ali in a post on X, the ETH whales have made some big purchases recently. The relevant indicator here […]
Strong ADA accumulation among whales is also in progress, according to on-chain data. Cardano (ADA) price has been rebounding after falling to the worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA's upside retracement could continue in the coming weeks.Can ADA price extend the recovery?ADA's price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022. Specifically, ADA/USD witnessed a bullish rejection as its price fell below $0.75 on Feb. 24, a move that followed a short period of sideways consolidation. It....
The price of Bitcoin dropped below $30,000 in a quick swoop on the third retest in two weeks of the support area. In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy the level to prevent a further breakdown after reclaiming it.Whale clusters suggest three key levels in the near term: $34,970, $29,314 and $28,727. Currently,....
Bitcoin price has been trading sideways for almost two days and a move appears imminent. At the time of writing a move has begun, but is it real or is it a fake-out? Bitcoin price seems to be gearing up for a move. It is uncertain which way price is going to break. For now it appears to be pushing higher, but this has (recently) been the prequel to a strong decline. If the move higher is real then the next target should be the 1hour 200MA. The initial concern is that the current rise is only corrective and that price may still reverse into another wave of decline. There is no clear....