XRP briefly spiked above 1.16 fueled by shadowy accumulation from big wallets rather than tiny retail waves 🖤 The analytics crew spotted holdings in the 100000 to 100 million XRP range swelling by 2.8% across the past five weeks while micro positions under 0.01 XRP shrank by 5.2%.
Potential For More Upside 🦇
Santiment highlighted how XRP often follows the moves of major stakeholders more than micro wallets making this split a dark positive for the recent climb.
This stacking trend aligns with fresh defi narratives around Ripple settling its old SEC shadows plus XRP Ledger flows in payments tokenization and RLUSD while spot products pulled in nearly 12.5 million dollars net this month.
Eyeing The 1.13 Breakout 💀
ChartNerd noted another rejection at the daily 50-day EMA the exact spot where prior surges faded with price now hovering near 1.13.
The setup stays intact above the 1.11 to 1.09 zone potentially opening paths toward 1.25 though slipping under support risks a slide back to 1.00. Similar holder accumulation paired with shrinking micro interest has often preceded extra gains. Ali Martinez echoed that a firm push past 1.13 would seal the bullish shift while some still eye the need for a break over 1.20 to 1.30 to escape the longer descending structure ✨ 🌑 🕸️ 🌙 🕷️
Just another echo from the void by iconofsin.eth 💖
