The XRP price is consolidating after a crazy 460% surge within four weeks that saw it breaking above $2.8 on December 3 for the first time since 2018. This consolidation saw the XRP price dropping to $2.22 on December 5 as many investors took some profits after the rally.
Interestingly, on-chain data shows that XRP whales have taken advantage of this dip to stock up their holdings to essentially prevent further price declines. With this in mind, technical analysis of the coin’s price chart shows that the cryptocurrency is well on track to breaking above the $5 price level in the next three days.
Technical Analysis Suggests Breakout To $5.26 By December 11
Trending: Research Team Drops Camera Into Abyssal Pacific Trench – It Captures Terrifying Images
Amidst the backdrop of whale activity and price consolidation, technical analysis is
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!