Token bounces from key support as large investors show renewed interest
XRP price edged higher on Tuesday, climbing from $2.74 to $2.82 amid a surge in whale accumulation that added nearly $960 million in exposure. The move comes as technical charts show the token defending a crucial support level, suggesting a possible near-term rebound.
On the 4-hour chart, XRP retested the green demand zone between $2.70 and $2.80, where buyers stepped in to absorb selling pressure. Price action has remained under pressure since its August peak near $3.80, but the defense of this support zone has provided a foundation for short-term recovery.
“The $2.70 area has proven to be a significant liquidity pocket. As long as XRP holds above this level, bulls could attempt to retest the $3.00–$3.20 region in the days ahead,” said BITX market strategist tracking altcoin flows.
Immediate resistance sits around $3.00, followed by a heavier supply block between $3.40 and $3.60. Failure to hold the $2.70 zone, however, could open the door for a deeper correction toward $2.40–$2.50.
Data indicating whale wallets added nearly $960 million worth of XRP exposure has reinforced market optimism. Analysts suggest this activity signals confidence from large investors in the token’s medium-term prospects.
Such whale activity often provides a psychological lift for retail participants, especially when aligned with technical defenses of key price levels.
With XRP hovering near $2.80, traders are closely watching whether momentum can build toward a sustained breakout above $3.00. Holding the $2.70 floor remains critical for this scenario to play out.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.