‍XRP Eyes 20% Recovery Amid Resuming Whale Accumulation

XRP shows signs of a potential trend reversal, with analysts monitoring a chart formation that could lead to a double-digit rally. Despite recent altcoin market outflows, on-chain data suggests large investors are shifting from distribution to accumulation.

A double-bottom pattern has formed, with XRP stabilizing in the $1.30–$1.35 support zone. A breakout above the $1.50 neckline resistance could target $1.68–$1.70, representing a 20% appreciation. On-chain metrics also indicate easing whale sell-offs, with whale flows trending toward neutral levels.

However, risks remain. Failure to overcome the 50-day EMA resistance could lead to a bear pennant, potentially driving the price down to $1.00. Macroeconomic factors and geopolitical tensions could also impact XRP's trajectory. Market participants await a confirmed daily close above $1.50 to validate the recovery narrative.

https://cryptovka.com/news/xrp-targets-20-recovery-in-march-as-whale-accumulation-resumes