Whale’s purchase caused price volatility: After acquiring 130 million XRP, the price peaked at 2.5872 USD before dropping to 2.4498 USD, indicating uncertainty. Trading volume surged to 614.47 million XRP, highlighting market interest in this transaction.
Support and resistance levels assessed: Analysts examined key metrics, including a 7-day moving average of 2,478 USD and a crucial 99-day average at 2.4137 USD. These indicators suggest traders are on alert for price sustainability amidst potential further declines.