XRP price hits $1.51 as whale opens $3 million long position with 20x leverage

The XRP price advanced to $1.51, supported by a notable uptick in trading activity and increased interest from major holders. Trading volumes over the past 24 hours reached $16.76 million, while the market capitalization climbed to $95.01 billion. This upward movement follows an 11.42% daily gain, leading market participants to speculate about a potential bullish reversal driven by whale accumulation.

Trader exits swing position after target reached

Crypto analyst EGRAG CRYPTO reported that XRP recently touched the $1.35–$1.50 zone, reaching the target area set for a short-term swing trade. According to the analyst, a trader closed a position originally accumulated between $1.00 and $1.10 as part of a pre-established profit-taking strategy.

The swing position was sold in accordance with the plan, while the long-term XRP holding remains untouched for now, as the trader continues to aim for higher returns in the future.

The trader clarified that the exit was a planned move, not a reaction to market volatility. The longer-term holdings remain active, prioritizing potential future gains instead of short-term fluctuations.

Key technical levels and whale activity

Attention has shifted to the next critical price levels for XRP. Market participants note that the support range of $1.20–$1.30 will be especially significant in determining the coin’s path. Resistance is seen at $1.75, which could act as a potential target during further price recovery. Conversely, if the price fails to maintain support, a fallback to the $0.95–$0.83 region could occur.