History rhymes? XRP price gained 400% the last time whale flows flipped

Quick Summary:

Source: X/MagsIn the near term, XRP may consolidate above its 50-day EMA, particularly as whale inflows often signal the start of an accumulation phase before a stronger price breakout.“The pace of outflows is slowing, and the bars are curling upward,” wrote Kripto Mavsimi, an analyst associated with CryptoQuant, adding:“It’s not full reversal yet — but it’s the first real sign of stabilization in months.”Such a base-building period would be a healthy development if consistent with how previous whale-driven rallies have unfolded.

Source: TradingViewXRP’s whale flows mirror 2024 price boomXRP whale wallets (addresses holding large amounts of XRP) have been aggressively reducing their holdings since November 2024, according to data resource CryptoQuant.

XRP price technical breakout targets $3.45XRP price technicals show it breaking out of a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets: United States

Topics: Whale Data Bullish Been Trend 2024 Moving Xrp’s Average Price Chart

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 13:27:20 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 26 lines

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Copyright Owner: © Coin Telegraph

News ID: 28676806

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