XRP price dropped below $2 on January 19 amid a market-wide crash, but analysts remain bullish that it could rebound, as it mimics a 2017 bullish pattern that sparked notable gains. Data from Binance also shows that traders continue to maintain their long positions on the altcoin as whales increase their XRP holdings.
XRP price slipped below $2 on January 19 as broader markets sold off. Analysts say the movement echoes the 2017 bull pattern that preceded notable gains. Binance data shows a majority of traders remain long on XRP, even as large holders increase their XRP allocations.
The combination of sustained long exposure and rising whale activity signals ongoing bullish sentiment around the token. XRP slipped below $2 on January 19 as the broader crypto market slid. Analysts say the move mirrors the 2017 bull pattern that preceded notable gains. Binance data shows traders remain long on XRP, with large holders increasing their XRP allocations.
The combination of sustained long exposure and rising whale activity points to ongoing bullish sentiment around the token. If the pattern repeats, XRP could mount a rebound in the coming weeks, though market volatility remains a key risk.
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