XRP attempts to settle at $2.65... whale investors lead the rise

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XRP [Photo: Shutterstock] XRP [Photo: Shutterstock]

XRP is creating a new upward trend, surging amid strong investor support.

According to a blockchain media outlet, XRP whale investors have added 190 million XRP in the past week, with a total inflow of $550 million. This indicates increased confidence in XRP's long-term growth potential. The Chaikin Money Flow ( CMF ) indicator also recorded a three-month high, supporting the upward trend.

Currently, XRP is trading at $2.60 and is showing movements to secure $2.64 as a new support level. It has risen more than 5% in the past week, continuing a strong short-term rally. If the upward trend continues, XRP has the potential to break through the $2.75 resistance level and approach $3.00.

However, investors should be cautious as there is a possibility of a decline to $2.54 or $2.35 if selling pressure intensifies.

XRP-2.4%
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