- XRP lost critical $2.00 support during weekend sell-offs, signaling a bearish technical outlook.
- Active addresses surged to 1.48 million, reflecting robust network fundamentals.
- Despite weak micro-factors like declining RSI and MACD sell signals, Ripple whales are accumulating at discounted prices.
Ripple (XRP) traded at $1.82 during Monday’s Asian session, correcting 10.7% over 24 hours and 10% weekly. Global markets remain volatile amid U.S. trade deficit concerns under former President Donald Trump’s policies.
Whale Accumulation Amid Market Turmoil
XRP faces intensified selling pressure, exacerbated by retaliatory tariffs imposed on April 2. Trump’s insistence on maintaining tariffs until trade imbalances are resolved further rattled markets. Cryptocurrencies like Bitcoin and Ethereum dipped to $78,400 and $1,576, respectively.
👉 Why are whales bullish on XRP?
Whale activity data from Santiment reveals:
- Addresses holding 100K–1M XRP increased holdings from 5.189% to 5.267% of total supply.
- Entities with 10M–100M XRP now hold 3.406% (up from 3.046%).
Network activity highlights:
- Active addresses rose from 78,811 on March 7 to 82,000.
- Growing adoption suggests higher transaction volumes or dApp usage.
Technical Analysis: How Low Can XRP Go?
XRP breached a descending triangle pattern, confirming a 68% downside target predicted last week. With $2.00 support lost, sellers may push prices toward:
- Key levels: $1.50 → $1.00 → $0.67 (triangle target).
Indicators:
- RSI: Trending toward oversold territory.
- MACD (12-hour): Sustained sell signal, favoring short positions.
Derivatives data (Coinglass):
- Open interest dropped 16% to $3.07B.
- $38.33M liquidations ($34.63M longs, $3.7M shorts).
While macroeconomic headwinds may prolong selling, whale demand could absorb pressure, stabilizing XRP above $1.80 for a potential rebound past $2.00.
FAQs
How do token listings impact prices?
Listings boost liquidity and attract new participants, typically creating bullish momentum.
What happens during a crypto hack?
Large-scale asset theft triggers panic selling, often leading to market-wide declines.
How do Fed rate decisions affect crypto?
Higher rates typically weaken Bitcoin and altcoins by strengthening the USD, and vice versa.
Is Bitcoin halving bullish?
Yes. Reduced block rewards limit supply, driving prices up if demand remains steady.
👉 Explore XRP trading strategies
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