Kraken Data Signals XRP’s Bullish Momentum as Price Eyes Key Resistance Levels

XRP has shown signs of a strong recovery, stabilizing above the $2.250 support level and now targeting a breakout above $2.350. Recent market activity indicates bullish momentum, with traders defending key levels and Kraken data suggesting potential upward movement.

XRP Price Bounces Back — Can It Reclaim Key Resistance Levels?

XRP has initiated a recovery phase, stabilizing above the $2.250 support level. The cryptocurrency now eyes a potential breakout above $2.350, following a period of consolidation. A recent surge past the $2.30 resistance, accompanied by a break of the bearish trend line on the hourly chart, signals renewed bullish momentum.

Market activity shows traders defending the $2.650 level after a dip below $2.420. With Kraken data indicating upward movement, XRP’s ability to clear the $2.380 resistance could determine the next leg of its rally. The token’s performance continues to correlate with broader market trends observed in Bitcoin and Ethereum.

Ethereum Faces Critical Test as Whales Dump $30M Amid Key Resistance Battle

Ethereum’s struggle to breach the $2,700 resistance level has taken a dramatic turn as dormant whales resurface to offload holdings. The cryptocurrency faces a potential 15% correction if it fails to overcome this technical barrier, with trader leverage concentrated between $2,466 and $2,612.

Blockchain analytics reveal a telling move: a single whale wallet inactive for three years unstaked 10,195 ETH ($25.67M) and deposited the haul to Kraken. This strategic dump coincides with fading bullish momentum, casting doubt on ETH’s immediate upside potential. Market participants now watch whether institutional demand can absorb the selling pressure.