XRP Rebounds Strongly After AI-Driven Sell-Off
The cryptocurrency markets have ascended beyond the selling pressure that escalated with the introduction of DeepSeek, a groundbreaking AI model. Most of the cryptocurrencies experienced a significant sell-off while the AI sector faced severe impacts. In contrast, the XRP value that fell below $2.7 swiftly recuperated all its losses and is preparing for another surge. At present, the cryptocurrency has risen nearly 10% to attain $3.15 during a period when the trading volume has decreased by over 18%, indicating that the bears are remaining dormant.
Simultaneously, the XRP value continues to trade within an optimistic trend, retaining the chance of a bullish breakout imminently.
In a fascinating update, substantial whale activity has been noted in recent hours, which could support an imminent bullish movement. During the latest sell-off, the whales have gathered millions of XRP and have also kept the tokens active. According to information provided by a notable analyst, ALI, the whales have purchased roughly 120 million XRP during the recent drop.
This act is deemed a daring strategy by the whales who invested heavily in XRP during a downturn. This substantial purchasing may have also restored a solid upward trend in the value, averting the token from incurring further losses. Furthermore, according to another update from Brett, almost 25 million XRP have been acquired from Upbit and transferred to an unidentified wallet. This action is thought to create bullish indications for the cryptocurrency, which is nearing a critical resistance point.
Technical Indicators Signal Imminent Breakout
Market participants rushed to purchase XRP as it fell beneath the 0.786 FIB at $2.77, which facilitated a swift recovery in price. Currently, the price is tightly consolidating within a confined range while technical indicators have turned optimistic. The MACD & DMI levels are set for a bullish crossover, suggesting a bullish breakout is on the horizon.
Meanwhile, the ADX is hovering around the lower spectrum as the bulls are presently in an accumulation phase. Additionally, the on-balance volume continues to rise, indicating no signs of a retreat. Furthermore, the Chaikin Money Flow indicator stands significantly above 0, implying considerable momentum within the rally. Thus, the XRP price is anticipated to surpass the 1 FIB and establish a new ATH at 1.2 FIB at $4.18 in the near future.
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