• XRP is holding firm against a deeper pullback, bolstered by strong whale support. 
• This resilience suggests that the current correction is part of a “healthy” retracement.

Ripple [XRP] finds itself at a crucial crossroads as 2024 draws to a close. With the altcoin market set to ride Bitcoin’s momentum and break new psychological barriers in 2025, now might be the time to take action if you’re “long” on XRP and want to see it outpace its rivals – just like the whales are doing.

Since December kicked off, large ““unknown wallets” holding significant XRP amounts have either been unloading their positions or aggressively adding more. 

This back-and-forth has already made a noticeable impact on XRP’s price – leaving it in a state of uncertainty as it braces for its next big move – whether up or down.

XRP has a strong support base

Ten days ago, XRP came nearly close to breaching the critical psychological threshold of $3, fueled by an impressive 19% single-day surge. However, as of now, XRP is trading at $2.30.

This dip is part of a broader trend, as many cryptocurrencies are in the red, and investors are weighing their options – should they trim their holdings or take advantage of the lower prices to buy more?

Ripple is no exception. Its 1-day price chart reveals bulls working hard to fend off a deeper pullback, while bears remain steadfast. For HODLers, the continued support from whales offers a much-needed sense of security.

This support creates a strong base for XRP to rebound when the market shifts bullish once again.

And when will that happen? It’s likely tied to the performance of Bitcoin, the coin with a trillion-dollar market cap, or the upcoming FOMC meeting, where investors are
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Author: Ripley G