Since December 17, crypto whales have accumulated a staggering 80 million XRP, signaling heightened interest in the asset during its recent price correction. With $20.50 million in short positions set to be liquidated if XRP climbs to $2.62, the stakes are higher than ever. Currently, the $2.20 price level serves as a key support. If XRP manages to stay above it, consolidation may occur before attempting to break the critical $2.70 resistance. However, a dip below $2.20 could push prices toward $1.96, indicating a potential downside. Here’s why XRP is generating buzz and why the future looks promising for Ripple:
The post Whales Scoop Up 80 Million XRP Amid Price Correction: What’s Next For Ripple? appeared first on The Merkle News.
