Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
Share
Ripple’s XRP has held up this month with institutional demand being the key to the August rally. It’s currently trading at $3.14 above the $3.02 support after reaching $3.35 last week. With whale accumulation increasing and technicals tightening, investors are wondering if the momentum can continue.
Whale Demand Means Market Support
On-chain data shows that large holders are buying heavily. In the last week alone, whales purchased around 440 million XRP – an estimated $3.8 billion – including 120 million tokens on August 15 during a $10 billion market wide sell off. This aggressive buying shows long term confidence and may offset retail selling that happens during volatile swings.
Despite losing $15 billion in market cap since August 8 with prices dropping 8% to $3.08, XRP still has a fully diluted valuation of $308 billion. Daily trading volume has dropped 36% to $7.55 billion but whale activity is concentrated so this dip might be an accumulation phase rather than a breakdown.
Historically, large wallet inflows have preceded price stabilization and recovery especially when exchange reserves decline and liquidity tightens.
XRP/USD Technicals Point to Momentum
XRP price prediction seems bullish as the 4 hour chart shows a symmetrical triangle pattern building momentum. XRP has been making higher lows since late July and the price is below the 50 SMA at $3.20 which is also triangle resistance and a key pivot for the next breakout.
Candlestick analysis shows spinning tops and indecisive closes which are common precursors to strong moves. A bullish engulfing candle forming at the $3.02-$3.10 zone would confirm demand. Technicals also support a bounce: RSI is at 48 so there’s room to go up and MACD is flattening and could be about to cross bullish.
If buyers take out $3.20 the next resistance zones are $3.38 and $3.51 and extended momentum could test $3.66. Below $2.89 would break the higher low structure and give the bears control.
XRP/USD Trade Setup
For traders the setup is to be patient with a defined risk reward:
- Entry Zone: $3.10-$3.15
- SL: $2.99
- T1: $3.38
- T2: $3.51
- T3: $3.66
This is a good medium term setup with minimal downside risk. Whales are still buying and technicals are tightening, XRP could go higher if overall market turns positive.
New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed
Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation.
By merging Bitcoin’s security with Solana’s performance, it unlocks powerful new use cases – all with seamless BTC bridging.
The project is audited by Consult and built for scalability, simplicity, and trust.
Investor interest is surging, with the presale already surpassing $9.7 million and only a small allocation remaining.
HYPER tokens are currently available at just $0.012725, but that price is set to rise soon.
You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.
Click Here to Participate in the Presale
Credit: Source link
