XRP Price Stands Just 16% From All-Time High After Breaking Month-Long Barrier
XRP Price Stands Just 16% From All-Time High After Breaking Month-Long Barrier XRP has recently broken through its month-long resistance at $2.73, a move that positions the altcoin for a potential new all-time high (ATH). Currently trading at $2.85, XRP is only 16% away from its ATH of $3.31. However, whale accumulation could hinder this upward trajectory. XRP Traders Are Highly Bullish XRP’s Open Interest (OI) has surged to an all-time high of $5.99 billion, reflecting increased trader participation. The OI rise is a strong indicator of market optimism, with traders pouring funds into XRP, anticipating further gains. In the past 24 hours alone, a 12% price rise has driven an $800 million increase in OI. This significant inflow highlights the growing confidence among investors, boosting expectations for XRP to achieve a new ATH in the near term. XRP Open Interest. Source: CoinglassWhale behavior is playing a pivotal role in XRP’s price dynamics. Wallets holding between 10 million and 100 million XRP historically show an inverse correlation to price trends. These whales recently sold 21 million XRP worth $60 million within a week, fueling the current price rise. However, their holdings are now increasing, signaling accumulation. This shift could introduce selling pressure, potentially slowing XRP’s momentum. Historically, whale accumulation has correlated with price corrections, making their current stance a key factor to watch. XRP Whale Holding. Source: SantimentXRP Price Prediction: New ATH Ahead XRP is just 16% away from its ATH of $3.31, with the price now trading at $2.85. The recent breach of the $2.73 resistance marks a significant milestone, setting the stage for further gains. For XRP to achieve its ATH, a retest of $2.73 as support is critical. Establishing this level as a solid foundation would enable a gradual rise toward $3.31, supported by strong market sentiment and trader participation. XRP Price Analysis. Source: TradingViewHowever, if XRP loses the $2.73 support, it risks falling back into a consolidation range above $2.18, as observed in the past. Such a move would delay a new ATH and invalidate the current bullish outlook, leaving investors cautious. Disclaimer In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including... Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including... READ FULL BIO