XRP Poised for Breakout as Whales and Users Return
• Whales are accumulating XRP again, with addresses holding 10M to 100M coins increasing recently. This signals renewed confidence among larger investors.
• Daily active addresses for XRP surged in early March, foreshadowing a price spike. After declining, active addresses are now rising again, suggesting growing engagement.
• XRP's price chart shows signs of entering a consolidation phase, with EMA lines clustered around the current price. This could set the stage for a future breakout.
• If XRP can build momentum from this consolidation, it may test resistance around $0.64. Clearing this could pave the way to $0.75.
• The recent uptick in whale activity and active addresses points to a potential bullish turn after a period of stability.