XRP Price Headed to $4? Profit Phase May Have Begun

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XRP price is up today amid a marketwide recovery, but traders say key support levels must hold to reach new all-time highs.

Whales continue to accumulate XRP, creating a steady tailwind for price.

XRP price must hold a key support level to continue climbing toward $4, analysts say.

XRP price displayed strength on Monday, rising 2% over the last 24 hours after traders adjusted to last week’s sell-off, coinciding with a 50 billion XRP sale by Ripple co-founder Chris Larsen. 

XRP price remains above $3 at the time of writing, and analysts are watching several key support levels that must hold for the uptrend to continue.

Whales accumulate XRP above $3
Certain indicators show that XRP price may continue its uptrend despite fears of possible future sell-offs by Larsen. 

For instance, Santiment's Supply Distribution metric shows a steady rise in the supply held by entities with a 10 million–100 million balance. These addresses now own 8.31 billion XRP, a new monthly high. This represents 14% of the total XRP circulating supply. 


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