- Whales accumulate Bitcoin and XRP, signaling confidence despite market downturns.
- Ondo Finance surpasses $1B TVL, attracting institutional interest in RWAs.
- XRP and ONDO show resilience, with key support levels preventing deeper declines.
While the cryptocurrency market recently saw a significant downturn, triggering negative sentiment for many investors, seasoned traders and large institutions reportedly viewed this as a prime opportunity to buy into the dip and accumulate assets like Bitcoin, XRP, and Ondo, citing their intrinsic and long-term value.
Analysis from Altcoin Buzz proves that crypto whales are actively buying during this period of volatility, signaling a strong belief in the future of these specific digital assets.
Beyond the actions of individual large traders, broader macroeconomic developments suggest increasing institutional interest. Notably, countries like Brazil and Abu Dhabi recently invested significantly in Bitcoin.
Whales Eye Key Altcoins
The buying interest from crypto whales isn’t limited to Bitcoin. These large investors also closely watch specific altcoins that show resilience and the potential for substantial growth. XRP, for instance, demonstrated impressive strength, holding above critical support levels even during the recent period of heightened volatility.
The aggressive accumulation of XRP by whales suggests strong underlying optimism regarding its future price trajectory. Increasing regulatory clarity surrounding XRP further boosted investor confidence, with many positioning themselves to potentially profit as institutional adoption and real-world use cases for the token continue to expand.
Related: Altcoin Whale Watch: Chainlink Leads Gains As XRP, Solana, and Dogecoin Show Mixed Signals
Ondo Finance (ONDO) also emerged as a prominent player, particularly in the burgeoning real-world assets (RWA) sector. Its expanding network of strategic partnerships and developments within the decentralized finance (DeFi) ecosystem further enhance its appeal as an investment.
XRP and Ondo Price Analysis
The current price of XRP stands at $2.29, reflecting a modest 0.65% increase over the past 24 hours.
Key support for XRP formed near $2.22, where strong buying interest prevented further price declines.
On the upside, $2.30 remains a significant resistance level, with selling pressure typically emerging around this point. A sustained move above $2.30 could open the door for additional bullish momentum, while failure to break through this level might lead to a pullback towards the $2.25-$2.22 range.
Meanwhile, ONDO is currently priced at $0.8303, experiencing a slight 1.02% decline in the past day. The asset found solid support around $0.800, where buying activity prevented a more significant drop. A higher support level also exists at $0.820, offering additional price stability.
Resistance levels for ONDO are currently situated at $0.8386 and $0.850, where selling activity intensified. If ONDO manages to break above $0.850 resistance, it could potentially target higher price levels, such as $0.870. Conversely, if the price fails to hold above $0.820 support, it may retest the $0.800 support zone.
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