Against the backdrop of the ongoing market uncertainty, XRP, the native token Ripple Labs, in the contrary, attracts significant attention of the crypto and anti -articians after the formation of a bull -shaped price action.
Whales buy 60 million XRP tokens
Today, February 17, 2025, the famous crypto -expert shared the post about X (previously Twitter), which stated that the crypto -Kits acquired 60 million XRP tokens over the past 24 hours.
Currently, the asset is supported by 200 exponential sliding average (EMA) on the four -hour period, which indicates that it is in an upward trend.
Bull prospects
Looking at the bull prices and recent accumulations of whales, intraday traders and long -term owners make bets on the long side, according to the analytical company Coinglass in the Coinglass network.
During the press, traders holding long positions very dominate that they overestimate $ 2.62 with long positions in the amount of $ 28 million. Meanwhile, $ 2.73 are another rethought level, where traders holding short positions gained short positions in the amount of $ 12.66 million. USA.
These metrics in the chain indicate that the bulls are returning to support assets, and soon this may feel a noticeable rebound of the price.
