XRP Set for Recovery as TD Sequential Indicates Consecutive Buy Signals

XRP Technical Analysis: XRP's 12-hour chart indicates a potential rebound with consecutive TD Sequential buy signals, suggesting that selling pressure is easing and buyers are stepping in, particularly around the $2.67 support level. Short-term price targets are set between $2.85 and $2.90, with a possibility of breaking above $3.00 if momentum is maintained.

Whale Activity and Market Dynamics: In the past two weeks, whales have accumulated approximately 340 million XRP, contributing to reduced liquidity as $268 million was withdrawn from exchanges. This accumulation, combined with positive open interest in derivatives, supports the notion of increasing buying momentum and favorable conditions for a price rebound.