Veteran cryptocurrency investor Crypto Bitlord has ignited new enthusiasm in the XRP community with a bold statement: "The giant whales are loading up on the bearish $XRP. Anything below $2 is a gift."
When XRP is trading around $1.99, Bitlord's comments highlight an increasingly bullish sentiment among seasoned investors that the current price presents a rare opportunity, not a risk. "When you know it will go up to $7, it is no longer gambling. It is pure faith," he added, referring to a strong belief stemming from market momentum, technical indicators, and on-chain data.
The accumulation of whales signals confidence
Crypto Bitlord's post coincides with a notable increase in whale activity. On-chain data shows that large holders have purchased nearly 900 million XRP in recent weeks, equivalent to a value of nearly 2 billion dollars. Over 300,000 wallets currently hold more than 10,000 XRP, indicating that institutional players and high-net-worth individuals are positioning themselves ahead of a potential breakout.
Such a large accumulation is rarely coincidental. Historically, significant buying activity by large investors (whales) often occurs before price increases, especially during periods of market volatility or consolidation. The message is very clear: large investors see the long-term value of XRP at the current level.
Technical context: Pressure and promise
From a technical perspective, XRP has recently slipped below key support zones around $2.12 and $2.15, hitting a weekly low of $1.98. It is currently consolidating just below the 100-hour simple moving average, facing immediate resistance at $2.07 and $2.10. A breakout above $2.1750 could signal the start of a new bullish wave, potentially pushing XRP up to $2.40 or higher.
Analysts note the formation of a symmetrical triangle on the daily chart, a technical pattern that often precedes significant price movements. If XRP breaks out of the triangle, a target of $3.00 or higher will be in sight. However, if it breaks down, support near $1.90 will become the next battleground.
Forecast supports optimistic sentiment
Crypto Bitlord is not the only optimistic one. Famous analysts like Dark Defender have predicted short-term price targets of $4.40 and $6.30 for XRP. Others, including CrediBULL Crypto, emphasize bullish setups on the XRP/BTC pair, further reinforcing confidence in XRP's short-term outlook.
In a more positive outlook, Bitlord himself has suggested that XRP could reach $12 within a month, a statement that many consider extreme, but not entirely unfounded when considering the scale of past price surges in the cryptocurrency market. Some long-term models even present scenarios where XRP surpasses $20 or $40 under favorable market conditions.
Why is the area below 2 dollars important?
The importance of trading XRP below $2 goes beyond the price. It represents a psychological threshold and is seen as the "last chance" to accumulate strategy before a significant price surge. With whales entering the market, technical indicators nearing breakout territory, and forecasts aligning, many seasoned investors view this price range as undervalued.
Bitlord's statement that anything below $2 is a gift reflects a larger shift in market sentiment—from speculation to strategic positioning. His phrase, "that's pure conviction," summarizes the mindset of those who have witnessed similar setups in previous bull cycles.
Final thoughts
At $1.99, XRP is at a crucial turning point. The combination of whale accumulation, bullish technical patterns, and optimistic forecasts indicates strong potential for significant price increases.
While risks still exist, especially in the volatile world of cryptocurrency, many people, like Crypto Bitlord, see this moment as a rare opportunity. For them, this is not just a bet on price appreciation; it is a calculated expression of faith in the long-term trajectory of XRP.
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The veteran cryptocurrency investor stated that XRP under 2 dollars is a gift. This is why
Veteran cryptocurrency investor Crypto Bitlord has ignited new enthusiasm in the XRP community with a bold statement: "The giant whales are loading up on the bearish $XRP. Anything below $2 is a gift." When XRP is trading around $1.99, Bitlord's comments highlight an increasingly bullish sentiment among seasoned investors that the current price presents a rare opportunity, not a risk. "When you know it will go up to $7, it is no longer gambling. It is pure faith," he added, referring to a strong belief stemming from market momentum, technical indicators, and on-chain data. The accumulation of whales signals confidence Crypto Bitlord's post coincides with a notable increase in whale activity. On-chain data shows that large holders have purchased nearly 900 million XRP in recent weeks, equivalent to a value of nearly 2 billion dollars. Over 300,000 wallets currently hold more than 10,000 XRP, indicating that institutional players and high-net-worth individuals are positioning themselves ahead of a potential breakout. Such a large accumulation is rarely coincidental. Historically, significant buying activity by large investors (whales) often occurs before price increases, especially during periods of market volatility or consolidation. The message is very clear: large investors see the long-term value of XRP at the current level. Technical context: Pressure and promise From a technical perspective, XRP has recently slipped below key support zones around $2.12 and $2.15, hitting a weekly low of $1.98. It is currently consolidating just below the 100-hour simple moving average, facing immediate resistance at $2.07 and $2.10. A breakout above $2.1750 could signal the start of a new bullish wave, potentially pushing XRP up to $2.40 or higher. Analysts note the formation of a symmetrical triangle on the daily chart, a technical pattern that often precedes significant price movements. If XRP breaks out of the triangle, a target of $3.00 or higher will be in sight. However, if it breaks down, support near $1.90 will become the next battleground. Forecast supports optimistic sentiment Crypto Bitlord is not the only optimistic one. Famous analysts like Dark Defender have predicted short-term price targets of $4.40 and $6.30 for XRP. Others, including CrediBULL Crypto, emphasize bullish setups on the XRP/BTC pair, further reinforcing confidence in XRP's short-term outlook. In a more positive outlook, Bitlord himself has suggested that XRP could reach $12 within a month, a statement that many consider extreme, but not entirely unfounded when considering the scale of past price surges in the cryptocurrency market. Some long-term models even present scenarios where XRP surpasses $20 or $40 under favorable market conditions. Why is the area below 2 dollars important? The importance of trading XRP below $2 goes beyond the price. It represents a psychological threshold and is seen as the "last chance" to accumulate strategy before a significant price surge. With whales entering the market, technical indicators nearing breakout territory, and forecasts aligning, many seasoned investors view this price range as undervalued. Bitlord's statement that anything below $2 is a gift reflects a larger shift in market sentiment—from speculation to strategic positioning. His phrase, "that's pure conviction," summarizes the mindset of those who have witnessed similar setups in previous bull cycles. Final thoughts At $1.99, XRP is at a crucial turning point. The combination of whale accumulation, bullish technical patterns, and optimistic forecasts indicates strong potential for significant price increases. While risks still exist, especially in the volatile world of cryptocurrency, many people, like Crypto Bitlord, see this moment as a rare opportunity. For them, this is not just a bet on price appreciation; it is a calculated expression of faith in the long-term trajectory of XRP.