Whales accumulated over 380 million XRP in one week, bringing their combined balance to 8.13 billion coins to maintain the price above the psychological $1 floor. The TD Sequential indicator generated a historic monthly buy signal for XRP, having accurately predicted the 1,074% surge in April 2020 and the 973% increase in August 2022. The key resistance level stands at $1.06, where approximately 3 billion XRP were previously traded; a bullish breakout would open the path toward $1.35 and then $1.64. Ripple supported the market by locking 700 million XRP back in escrow during the scheduled release of 1 billion XRP on August 1.
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