The Ripple price crash to $1.6 in the previous week took a toll on investors’ sentiments. However, things began to move as the on-chain data reveals whales moving 70 million XRP in the last two weeks alone. Interestingly, at the same time, the investors were bearish due to losing billions in liquidation due to the crypto market crash. Will these whales’ movement change the XRP outlook by April end? Let’s discuss.
XRP Whales Move 70M Tokens, Bullish For Ripple Price?
Crypto analyst Ali Martinez’s on-chain analysis reveals the XRP whale moving massive crypto holds in the ongoing crash. Although whales’ activity is a common event and could mean multiple things, such moves in a market downtrend indicate the bigger holders’ rising confidence, potentially due to an upcoming uptrend.
Besides, the uncertainty still lies, but investors anticipate this would result in a Ripple price rally. Interestingly, soon after the revelation, the XRP price began to rise, gaining an 8% rally in the last 24 hours.
With the investors’ rising confidence amid Trump pausing reciprocal tariffs, Ripple currently trades at $2. Analysts like Andy believe this is just the beginning as the MACD indicator is near a bullish crossover.
If the token secures a daily close above $2, it could result in a further uptrend.
XRP rebounded from Monday’s low of $1.6128 to over $2.00, showing strength and attracting long-position traders. Technical indicators like MACD are nearing a bullish crossover, which could confirm further upside — especially if XRP secures a daily close above $2.0000.
Ripple Price to Hit $30 if Bulls Show Dominance
The recent Ripple price disappointed holders as they await a massive surge past its years of consolidation. Interestingly, despite the turmoil, many experts present an optimistic XRP price prediction. A recent CoinGape blog mentioned that the Ripple token will likely hit $22 soon due to the Elliot wave analysis.
Interestingly, there are a few more analysts with similar bullish outlooks depending on the token’s demand, utility, XRP ETF odds, and various other factors.
However, the most anticipated big moves in the long term play as in a multi-year bull cycle instead of short term play, acknowledging this crypto’s volatility. Considering Ripple’s powerful moves, bullish reversal pattern, and TA, crypto analyst Steph predicted a rally to $30.
According to his analysis, the XRP price chart is forming a bullish reversal pattern with a macro-level breakout. Once it breaks the neckline resistance, which it failed to break for years, XRP can achieve a strong bullish momentum, pushing towards $30.
Although this is predictable on the chart, the ongoing macroeconomic events could divert the trajectory, especially with the US-China trade war.
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