The price of the wave challenges the exodus of XRP whales with a 2 -week to 2 -week peak increase

TL; Dr.

• The actions of large cryptocurrency investors, typically known as whales, have the ability to impact markets with their large purchases or liquidations.
• However, that has not been the case in the last 24 hours when it comes to the third largest digital asset for market capitalization.

The popular analyst’s data reveal that the whales had eliminated more than $ 120 million in XRP in the period of only one day. Although this is not one of the most important and influential sales in recent months, it could still trigger a domino effect for smaller investors.

However, Ripple’s Token has challenged this development. Instead of feeling the sale pressure and heading below the crucial support of $ 3, which had recovered in recent days, XRP went to the offensive and rose to almost $ 3.10.

This became its highest price level since August 26, when it was rejected at $ 3.12 and pushed south less than $ 2.85. XRP is at $ 3.0 at the time of publication, with 1.5% daily and almost 9% weekly. Its market capitalization has grown to more than $ 180 billion.

Analysts insist that the next rally is just around the corner, with some objectives of more than $ 4 and up to $ 5, which would establish a new historical maximum.

However, in the very observed front of ETF, XRP continues to receive blows from the US regulator (the sec), since the agency delayed a decision on another domain fund earlier this week.