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Recent news highlights that whales are making headlines with significant transactions involving XRP. According to recent reports, large investors have accumulated nearly 1 billion XRP, reflecting a strong confidence in the asset. In light of these developments, a leading expert has identified crucial price levels for Ripple 
$2’s native cryptocurrency, attracting the attention of traders.
Whales Make a Strategic Move
Ripple whales continue their buying activities, as evidenced by recent reports. This XRP news strengthens expectations of a potential price increase for the cryptocurrency in the coming days. Let’s take a closer look at the latest market developments.
Accumulation of 1 Billion Coins
Market analyst Ali Martinez shed light on the accumulation trend of whales through a post on social media.
“Ripple whales bought approximately 1 billion XRP in just two days, demonstrating strong interest in the asset.”
This development has also impacted the price of the cryptocurrency. However, this large accumulation trend followed Ripple Labs moving approximately 300 million XRP to an unknown wallet worth $682 million, triggering market speculation.
XRP Price Performance
Today, XRP is trading at $2.35, up about 1.2%, while trading volume has decreased by 9% to $4.9 billion. The cryptocurrency has fluctuated between $2.36 and $2.26 in the last 24 hours, reflecting the impact of whale buying on the price. Additionally, the open interest for the asset increased by 3%, rising to $4.37 billion, as per CoinGlass data.
Key Levels to Watch for Ripple’s Native Crypto
Expert Dark Defender shared important price levels to monitor for XRP in a recent analysis.
“XRP may experience an upward breakout soon.”
According to the analyst, significant targets for XRP are set at $2.40, $2.86, $4.55, and $5.85. Furthermore, it is predicted that the cryptocurrency could rise to about $6 in the coming days, with support levels indicated at $2.23 and $2.13 for potential downward movements.
Dark Defender also noted in a separate post that XRP has shown a faster value increase compared to Ethereum 
$2,330.
“Since September 24, XRP has gained three times more value than Ether, and this trend will continue.”
These data reveal the impact of Ripple whales on XRP and the overall excitement among investors in the market. Future price movements of XRP are expected to be closely monitored, considering whale transactions and market dynamics.
