XRP price prediction: The largest cross-border money remittance token reclaimed the position above $0.5 support after Bitcoin halving last weekend. While the bullish move reflected increased investor confidence after a couple of weeks characterized by uncertainty amid geopolitical tensions, XRP price struggled to sustain the momentum.
Market doldrums have since taken over, with the token unable to break above resistance at $0.5622. Meanwhile, on the downside support appears to have established at $0.54, allowing for sideways trading to take place.
XRP Price Prediction: Are Whales Buying The Dip?
The crypto sell-off in April did not spare XRP, as the token swept through support lower levels at $0.4294 from monthly highs at $0.6422 and the peak in March at $0.7484.
Intriguingly, whales known for buying in large quantities perceived the price drop as a discount. Based on blockchain data from Santiment, this cohort of investors has been busy scooping up millions of XRP tokens, suggesting t
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