Several factors might be fueling this bullish sentiment
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The surge in whale activity signals bullish sentiment in the XRP community, with the acquisition of such a large amount of XRP in a short period being noteworthy.The market is currently experiencing profit-taking, with several cryptocurrencies trading lower. XRP fell 1.5% in the last 24 hours to $0.587.Several factors might be fueling the bullish sentiment among XRP whales.
This optimistic outlook will be discredited in the near term if the XRP price falls below $0.54. This will maintain the price inside the $0.41 to $0.64 range for a few more days.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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