XRP is at the moment struggling to shut above the important thing $3 value degree. Promoting strain continues as a serious whale lately transferred round $92 million price of XRP tokens to trade.
As per the info shared by Whale Alert, an unknown pockets transferred 30,507,683 XRP to Coinbase, signaling a possible large-scale sell-off.
The transfer comes as the third largest cryptocurrency trades principally flat prior to now week.
The $3 degree is a key psychological barrier for XRP. It’s buying and selling under the 20-day EMA at $3.02 and testing assist on the 50-day EMA of $2.95, indicating that bulls have to defend this degree to stop a deeper correction.
Regardless of XRP’s resilience above $2.95, market watchers are cautious. Crypto analyst Benjamin Cowen lately warned that XRP might revisit its bullish assist zone round $2.60–$2.70 earlier than making an attempt a brand new peak.
In his latest podcast, Cowen highlighted components pointing to a possible cycle endgame, noting that XRP’s value has largely stagnated towards Bitcoin since 2021.
However, the analyst acknowledged XRP’s skill to publish increased highs in comparison with 2020–2021. He careworn that chasing excessive value targets at this stage could possibly be dangerous, warning {that a} 60–80% drawdown by 2026 stays potential as soon as the present cycle concludes.
Many different analysts, nevertheless, are predicting a excessive value goal for the cryptocurrency. Lately, widespread analyst Darkish Defender cautioned in regards to the short-term value pullback however set a price target of $10 for XRP on this cycle.
In the meantime, contemporary knowledge from group platform rich-list.information revealed simply how accessible the XRP Rich List has change into for retail holders.
At present, holding 2,396.7 XRP (price round $7,190 at present costs) is sufficient to enter the highest 10% of XRP wallets.
This threshold has truly dropped by about 32 tokens ($108) in comparison with earlier this month, even as the variety of wallets on this tier rose from 679,990 to 690,984.
Meaning over 11,000 new accounts joined the highest 10% with a decrease capital requirement. Analysts be aware that XRP’s distribution stays much more retail-heavy in comparison with cryptocurrencies the place a handful of whales dominate provide.
Whereas XRP goals a every day shut above $3, consideration is shifting towards meme token TOKEN6900 (T6900). Designed as a playful nod to web tradition, the challenge leans into humor, irony, and a rebellious stance towards conventional finance.
Not like many different crypto ventures, T6900 comes with no grand guarantees or detailed roadmap. As a substitute, it takes cues from the viral SPX6900 pattern, positioning itself as a tongue-in-cheek response to mainstream investing and market conventions.
