Can XRP Overcome Retail Fear Amid Rising Whale Accumulation?
XRP's price has struggled to maintain the $3 mark, despite initial optimism fueled by institutional interest and a recent treasury announcement from VivoPower International, which added credibility to its adoption. The sentiment among retail traders has shifted, with bearish comments leading to heightened fear, uncertainty, and doubt (FUD).
Analysts suggest that key technical levels, particularly the 200-day moving average, will play a crucial role in determining XRP's future trajectory. While some indicators point to potential bullish breakouts, recent market reactions indicate caution.
The current retail sentiment mirrors past patterns where negative sentiment preceded significant rebounds. On-chain metrics reflect increasing whale accumulation, suggesting that despite retail caution, broader market factors may favor XRP's recovery in the near future.
The press radar on this topic:
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