A recent XRP price spike to $3.2 has drawn attention to whale activity. CryptoQuant data shows significant transactions on Binance. The SMA line of whale-to-exchange flows also tends to mirror major market movements. In the historical context, that has been a signal of large holders taking profit. It could imply a possible market dynamic shift.
This latest rise follows whales transferring huge amounts of XRP to exchanges ahead of corrections during previous price surges. A trend like this naturally raises questions about the short-term stability of the current XRP levels. Therefore, moves in the days ahead will be important to watch for traders keen on making plays that might result from market shifts.
XRP faces a critical $4 to $5 price zone
Analyst EGRAG CRYPTO, however, was rather optimistic in his X post, even going as far as to predict an XRP “blow-off top.” He did this by considering three major surges in prices at previous market cycles for the cryptocurrency, using historical data. These three rallies, at 1,068%, 2,636%, and 406%, are used to estimate possible future targets of $53, $32, and $9.70, respectively.
The tweet also pointed to an important price range of $4 to $5. According to EGRAG CRYPTO, this zone may serve as a turning point for XRP. The formations of candles, behaviors of oscillators, and market sentiment in this area will explain whether the price surges up to new highs or goes through a sharp correction.
Caution amid bullish projections
Although the forecasts are optimistic, there is still a note of caution. Specifically, EGRAG CRYPTO suggested that the use of double-digit prices could be a way of getting rid of retail investors before the significant hike. They demand that a balanced stance be adopted and that the speculative nature of predictions like this is acknowledged.
XRP’s market moves are watched closely as big players decide their position with an eye on possible profits. Whale movement and historical prices seem to have opposite perspectives. While investors dream about the possibility of the price doubling, the danger of the sell-offs is the factor that brings insecurity.
The next few weeks will be the decision time for the traders and investors. Monitoring the transactions of whales, main price levels, and market developments may be a helpful tool in understanding XRP’s course of with rate.
