While the crypto money market has been watching a wavy course in recent days, investors are looking for direction and fear. In particular, while Altcoin investors expect promising news about the future of assets such as Cardano (Ada) and XRP, the interest of these two crypto currencies of great investors (whales) draws attention. The accumulation of the island and XRP of the whales indicates that there may be significant movements in the prices of these assets in the near future.
Cardano (island) despite the decrease in the radar of large investors
In the last 30 days, whales have purchased a total of 140 million islands. Although the price of Cardano has fallen below $ 1, the purchases of large investors show long -term confidence in this subcoine. If this accumulation tendency persists, a significant leap in the island price may be experienced and new peaks may be seen.
Currently, the island price moves in a narrow range. There is a strong support between 0.64 and $ 0.76 levels, and this level remained unchanged for more than a month. However, the latest price movements give positive signals for the island. At the time of spelling, the island is traded above $ 0.95 with an increase of 2 %. According to analysts, if the price does not fall below $ 0.85, the island can target a rise towards $ 1.11. Meanwhile, Cardano is expected to perform a critical hard fork today.
XRP whale activity reached a record level
Similarly, XRP attracts the attention of major investors. The number of wallets holding 1 million to 10 million XRP Token has reached 2083, the highest level of all time. This sharp increase shows that investors believe that the value of XRP is low or that the price will rise soon. Generally, the purchase of large investors means that the price is either valued lower than it should be or the rise is at the door.
Increasing purchases of XRP whales increase optimism among individual investors and a harbinger of a potential bull trend. After the XRP rose to $ 3.20 on January 29th, it withdrew to $ 3.20 and is currently traded for $ 3,12. In order to maintain the acceleration of the rise in the short term, the price must remain above $ 2.76 to $ 2.97. According to analysts, if the XRP exceeds $ 3.40, an upward trend that may rise above $ 4 can be triggered.
