Will Quiet Accumulation Turn Into Major Market Move?
Crypto researcher Ripple Bull Winkle highlights a striking surge in XRP activity. Trading volume has jumped from $118K to $2.8M, now averaging 1.4M daily.
What was once quiet accumulation is now impossible to miss, hinting that a major player may be preparing for a significant move.
XRP, long a target for patient accumulation, is seeing a dramatic shift. Once quiet wallets steadily built positions amid market volatility, but recent data from Winkle reveals a surge in volume too large for casual traders.
Such explosive activity typically signals institutional players or a major entity preparing for a significant market move.
What does this show? Well, while Bitcoin, Ethereum, and most altcoins falter amid market uncertainty, XRP shows resilience. Its recent volume surge, paired with steady prices, signals quiet accumulation, a hallmark of confident buyers methodically building positions for medium- to long-term gains.
Therefore, the once-quiet XRP accumulation is now impossible to ignore. The sudden surge in volume hints at a looming catalyst. Historically resilient after dips, XRP could be gearing up for a fresh bullish phase.
XRP Faces Crucial Test After Dropping to $2.10
XRP finds itself at a pivotal moment in its market journey, recently dipping to $2.10 following a test of a critical technical zone around $2.16. This level, aligning closely with the 0.382 Fibonacci retracement, has become the battleground for traders seeking to determine the cryptocurrency’s next directional move.
Presently, XRP faces persistent selling pressure, trading below the 9-day EMA and Supertrend. Analysts warn that short-term bearish momentum dominates, leaving buyers struggling and the market exposed to further downside.
If XRP fails to reclaim $2.16, $1.94 becomes the next critical support. A drop here could spark further selling, heightening volatility and testing investor confidence. Traders are closely watching volume and order flow, which will likely determine whether XRP stabilizes or extends its decline.
Despite bearish pressure, XRP shows signs of potential recovery. The 0.382 Fibonacci level around $2.16 could spark a corrective rally if buyers act decisively, potentially drawing momentum traders and setting up a retest of the $2.30–$2.35 resistance zone.
What’s next? Well, Market sentiment on XRP is split, short-term bulls show cautious optimism, while bears remain wary. Key technical levels, including EMA 9, Supertrend, and Fibonacci retracements, will likely dictate its next move.
Therefore, XRP stands at a critical juncture. Struggling below key indicators, $2.16 has become the decisive battleground. The next sessions will reveal whether the token can rebound or slide toward $1.94, making close attention to technical cues essential for investors navigating this uncertain phase.
Conclusion
XRP’s volume surge signals the end of quiet accumulation. Major players are positioning for a potential market shift, making this a critical moment for traders and investors alike.
On the other hand, XRP’s short-term fate hinges on reclaiming the $2.16 zone. A rebound could ignite bullish momentum, while a drop toward $1.94 would confirm ongoing selling pressure. Traders are closely watching key technical levels, EMA 9, Supertrend, and Fibonacci retracement, as the coming sessions may define XRP’s next directional move.
Source: https://coinpaper.com/12467/demand-surge-puts-xrp-back-in-play-despite-tension-mounting
