XRP Price Prediction: Ripple Price Bounce at $3 Support Gains Traction as Kraken Moves 82 Million XRP to Mysterious Wallet
The post XRP Price Prediction: Ripple Price Bounce at $3 Support Gains Traction as Kraken Moves 82 Million XRP to Mysterious Wallet appeared on BitcoinEthereumNews.com. XRP is back in the spotlight as it tests a crucial $3 support level, with a $246 million transfer by Kraken stirring speculation across the crypto community. As XRP hovers just above the $2.95 mark, analysts and traders are watching closely for signs of a decisive rebound. The timing of a massive 82 million XRP transfer by Kraken—initially flagged as a whale move—adds to the intrigue, raising questions about institutional positioning and market sentiment ahead of a potential breakout. XRP Holds the Line at Key $3 Support After a strong rally throughout July that saw the XRP price soar to highs between $3.50 and $3.60, the market has since cooled, retreating back toward the $2.90–$3.00 zone. This area now acts as a decisive support level, one that could determine whether XRP rebounds or faces deeper losses. XRP was trading at around $3.05, down 1.14% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin Currently trading near $3, XRP is holding just above this pivotal range. According to analysts, a confirmed bounce here could open the door for a move back toward $3.30–$3.50, and potentially even retest the $4.00 mark if volume and sentiment cooperate. Crypto trader AltcoinGordon commented on the setup, stating, “The $XRP bounce will be studied.” His remark captures the attention that the $3 zone is garnering, with traders watching closely for signs of a sustained recovery. On-Chain Activity Shows Cautious Optimism Despite price consolidation, on-chain metrics suggest a temporary slowdown in speculative activity. Data from Glassnode shows that active addresses fell from a peak of over 52,000 during the recent rally to around 39,000. Transfer volumes also declined, dipping from $3.6 billion to approximately $1.9 billion. XRP’s active addresses briefly exceeded 50,000 but fell back to 39,000, signaling a…
The post XRP Price Prediction: Ripple Price Bounce at $3 Support Gains Traction as Kraken Moves 82 Million XRP to Mysterious Wallet appeared on BitcoinEthereumNews.com.
XRP is back in the spotlight as it tests a crucial $3 support level, with a $246 million transfer by Kraken stirring speculation across the crypto community. As XRP hovers just above the $2.95 mark, analysts and traders are watching closely for signs of a decisive rebound. The timing of a massive 82 million XRP transfer by Kraken—initially flagged as a whale move—adds to the intrigue, raising questions about institutional positioning and market sentiment ahead of a potential breakout. XRP Holds the Line at Key $3 Support After a strong rally throughout July that saw the XRP price soar to highs between $3.50 and $3.60, the market has since cooled, retreating back toward the $2.90–$3.00 zone. This area now acts as a decisive support level, one that could determine whether XRP rebounds or faces deeper losses. XRP was trading at around $3.05, down 1.14% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin Currently trading near $3, XRP is holding just above this pivotal range. According to analysts, a confirmed bounce here could open the door for a move back toward $3.30–$3.50, and potentially even retest the $4.00 mark if volume and sentiment cooperate. Crypto trader AltcoinGordon commented on the setup, stating, “The $XRP bounce will be studied.” His remark captures the attention that the $3 zone is garnering, with traders watching closely for signs of a sustained recovery. On-Chain Activity Shows Cautious Optimism Despite price consolidation, on-chain metrics suggest a temporary slowdown in speculative activity. Data from Glassnode shows that active addresses fell from a peak of over 52,000 during the recent rally to around 39,000. Transfer volumes also declined, dipping from $3.6 billion to approximately $1.9 billion. XRP’s active addresses briefly exceeded 50,000 but fell back to 39,000, signaling a…
What's Your Reaction?
