MAROKO133 Update crypto: $550 Million XRP Accumulation Shows Effect, Price Rallies 12% Waj

📌 MAROKO133 Hot crypto: $550 Million XRP Accumulation Shows Effect, Price Rallies

XRP is witnessing a notable breakout today, marking a 12% rise after nearly a week of stagnant price movement. The surge comes as investors capitalize on last week’s discounted prices, igniting renewed bullish momentum across the market. 

This accumulation phase appears to have strengthened XRP’s short-term price structure.

XRP Investors Pull The Altcoin Up

Over the past seven days, XRP’s balance on exchanges has declined significantly, signaling a shift toward accumulation. On-chain data shows that investors have withdrawn approximately 216 million XRP, worth more than $556 million, from trading platforms. This large-scale move suggests strong confidence in future price growth, limiting immediate selling pressure.

The impact of this accumulation is now visible in XRP’s upward trajectory. If this trend continues, the cryptocurrency could extend its rally further as reduced exchange supply meets increasing demand.

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The broader technical outlook supports this recovery narrative. The Relative Strength Index (RSI) is currently rising and has crossed above the neutral 50.0 mark, signaling strengthening bullish momentum. This suggests that buyers are regaining control, a critical development for sustaining XRP’s price above key support levels.

As bullish momentum builds, investor optimism is expected to increase. The current RSI positioning indicates that XRP could maintain upward pressure without entering overbought territory too soon. 

XRP Price Is Making Progress

XRP’s price has jumped 12% in the last 24 hours, trading at $2.55 at the time of writing. The altcoin is working to establish $2.52 as a solid support level after rebounding from its recent consolidation phase.

If bullish sentiment persists, XRP could attempt another breakout toward the $2.64 resistance, a level it has failed to breach twice in the past month. A successful move above $2.64 could push the price toward $2.75, reinforcing the recovery trend.

However, failure to surpass $2.64 could weaken momentum, leading XRP to dip below $2.52 and retest the $2.36 support zone. Such a decline would invalidate the bullish thesis, signaling another period of consolidation.

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📌 MAROKO133 Hot crypto: 3 Altcoins to Watch as US Government Shutdown Nears End Ha

After 40 days of uncertainty, the US Government Shutdown is seemingly nearing an end. The US Senators struck a bipartisan deal to end the longest shutdown in American history. 

While over the past month and more, the macro financial markets remained bearish, the crypto market witnessed sharp volatility, with many tokens enjoying gains. Thus, BeInCrypto has focused on three tokens among these top performers that could continue their rally after the shutdown ends.

Zcash (ZEC)

ZEC has emerged as one of the best-performing altcoins during the US government shutdown. As the privacy token narrative strengthened, investor demand surged, driving ZEC to record a remarkable 756% increase.

Currently trading at $634, ZEC appears poised to continue its upward trajectory toward the $700 mark. A successful breach could open the path to $800, with the next target at $1,000. The Chaikin Money Flow (CMF) indicator suggests sustained inflows, supporting the likelihood of continued bullish momentum.

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However, CMF levels are now in the saturation zone above 0.20, where reversals typically occur as profit-taking begins. If this trend repeats, ZEC could fall below $600, breaking through the $478 support and potentially sliding to $400 or lower, thereby invalidating the current bullish outlook.

Virtuals Protocol (VIRTUAL)

VIRTUAL has become one of the most talked-about altcoins in recent weeks. The token has surged 101% since late October, reflecting strong investor confidence. As it nears a potential Golden Cross, market sentiment suggests that VIRTUAL could sustain its momentum amid rising interest in AI-powered crypto projects.

As one of the leading players in the AI Agent sector, Virtuals Protocol continues to attract attention from both retail and institutional investors. The upcoming Golden Cross — when the 50-day EMA crosses the 200-day EMA — could propel VIRTUAL beyond $1.54 and $1.65, eventually targeting the $2.00 mark.

However, if profit-taking intensifies among investors, VIRTUAL price may lose its current footing. A drop below $1.37 could push it toward $1.14, erasing recent gains and invalidating the bullish outlook. 

Soon (SOON)

SOON emerged as one of the top breakout tokens during the US government shutdown, soaring 462% since October 1. Its core strength lies in being a high-performance Solana Virtual Machine (SVM) Rollup ecosystem that scales blockchain adoption through cross-chain interoperability and Layer 2 integration across Ethereum and other chains.

The project’s approach has resonated with users, driving sharp gains in its native token. Currently trading at $2.12, SOON shows bullish momentum, with the Parabolic SAR signaling an uptrend. Maintaining $2.03 as a support floor could allow the token to climb toward $3.00 in the near term.

However, profit-taking could trigger a short-term correction. If selling pressure intensifies, SOON price may drop to $1.39, with a potential decline to $1.04 if the support fails to hold. Such movement would invalidate the current bullish outlook.

The post 3 Altcoins to Watch as US Government Shutdown Nears End appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com