Can XRP price break $1.57 as whale withdraws 580M tokens?

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A whale withdrew 580 million XRP tokens across seven transactions worth approximately $900 million, tightening exchange supply as spot outflows reached $6.76 million and Exchange Reserve USD declined 2.48%. XRP traded around $1.53, approaching the $1.57 resistance level following a pennant breakout on the 24-hour chart. Technical indicators favored bulls with +DI at 34.70 and ADX at 41.83, while MFI stood at 57.93 without entering overbought territory. A sustained move above $1.57 could target the $1.70 region, with concentrated liquidation heatmap liquidity between $1.535 and $1.56 acting as immediate overhead resistance.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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