XRP's price remains a focal point for traders as it navigates key technical levels. Whale activity significantly impacts market volatility and liquidity.
Key Support and Resistance Levels
EGRAG CRYPTO’s analysis identifies major support and resistance zones. The $1.6700 level, labeled the "Last Line of Defense," holds historical significance. A break below could trigger further downside pressure. The resistance zone at $3.4000, known as "The Arch Guardian," has also served as a barrier before.
Whale Activity and Market Impact
Reports indicate XRP whales have aggressively sold holdings following a 500% price surge since November. Attention is drawn to increased negative whale flows and significant market impact on liquidity and volatility.
Technical Indicators and Predictions
Recent rebound from $1.9600 signals a potential bullish structure. Fibonacci retracement levels suggest key reaction zones. If buyers sustain momentum, XRP may test resistance levels at $2.6800 and $3.4000.
XRP remains at the forefront due to key support and resistance levels and whale activities shaping overall market forecasts.
