- Over 130 million XRP was scooped up by whales as the price hovered near the $3.00 support level.
- Nature’s Miracle launched a $20M XRP treasury program, adding fuel to bullish market sentiment.
- Analysts predict a potential wave 3 rally toward $3.82 if XRP holds above the current support zone.
Despite some rocky action, XRP’s hangin’ tough around the $3.00 mark—and it’s not just by chance. Whales have been busy behind the scenes, gobbling up over 130 million XRP while the price flirted with support. This buying spree came at the same time as Nature’s Miracle rolled out a $20 million XRP treasury program, which seems to have helped boost sentiment and hold the line.
Wallets holding 10M to 100M XRP were especially active, diving in as the price dipped. The timing’s kinda interesting—right as XRP touched $3.21 resistance and pulled back. Analysts like CasiTrades think XRP just wrapped up a wave 2 correction, landing right at the 0.854 Fibonacci retracement—an area where prices tend to bounce if bulls are still in the game.
Wave 3 Rally? Eyes on the $3.82 Target
So what now? If XRP can stick above that $3.00 support, analysts believe a wave 3 rally could be brewing. They’re pointing to $3.82 as the next big target, based on the 2.618 Fibonacci extension. It also happens to line up with an earlier all-time high, which could add to its pull as a breakout zone.
CasiTrades says that combo of technical levels and fresh whale interest could be the perfect storm for a rally. But hey, if the price slips under $3.00… plans might need to chill for a bit. It’d likely put a pause on bullish momentum and reset expectations for a later run.
Market Sentiment Leans Bullish (But Cautiously)
Right now, the market seems cautiously optimistic. The treasury announcement added a nice bit of fuel, and the technical picture isn’t too shabby—yet. Whales moving in during dips? That’s usually a solid signal they see upside coming. Still, traders are keeping one eye on that $3.00 floor—lose it, and we’re in different territory.
Momentum’s there, but follow-through matters. If XRP can push and hold above $3.21 again, the road to $3.82 gets a little clearer. Until then, it’s a wait-and-see game with some big players quietly stacking chips in the background.
