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XRP Holds Key Demand Level – Whale Activity Suggests Strength

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XRP Holds Key Demand Level – Whale Activity Suggests Strength - NewsBTC

Quick Summary:

Recent data from Santiment, shared by crypto analyst Ali Martinez, highlights a significant development: whales have purchased 80 million XRP since the correction began on December 17.  This accumulation by large investors suggests growing confidence in XRP’s long-term potential despite the short-term price decline.

While challenges remain, such as prevailing market uncertainty and cautious sentiment, the combination of strong support and significant whale accumulation offers an optimistic outlook for XRP in the weeks ahead.

This rebound underscores the resilience of XRP’s price action, as it continues to hold above key support levels.The $1.95 low has proven to be a pivotal point for bulls, and maintaining this momentum could signal further gains in the coming days.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 03:00:13 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 68 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24580692

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #102

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  • URL: https://beamstart.com/news/xrp-holds-key-demand-level-17348576536370

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