In the cryptocurrency market, $XRP, which has been less prominent than other altcoins in the recent surge, has come back into the spotlight thanks to intense buying by large whales. Crypto analyst Ali Martinez stated that whales recently accumulated over $2 billion worth of $XRP, and that this demand is beginning to show its effect on the price.
According to Martinez, $XRP gained 8.22% in just three days, and the analyst claims that on-chain data suggests there may still be room for further gains. The URPD (UTXO Realized Price Distribution) data shared by the analyst indicates, in his view, that there is relatively limited resistance up to $1.60 above current levels.
Martinez noted that approximately 2.5 billion $XRP had previously changed hands around $1.60, identifying this level as the next significant resistance zone. According to the analyst, if $XRP reaches this level, investors may engage in profit-taking, and selling pressure could increase.
According to the latest data, $XRP is trading at approximately $1.49, having risen by 6.33% in the last 24 hours and 5.08% in the last week.

en.bitcoinsistemi.com

