Key Takeaways
XRP whales are stepping in. The XRP/ETH ratio has bounced 4% after a steep 20% weekly drop. Could Ripple be gearing up to lead the next market rebound?
Ripple [XRP] is standing out in a bullish Q3 for altcoins.
Its recent breakout pushed it close to the 2018 cyclical high of $3.50, marking the first test in seven years. Profit-taking came in hot, with realized gains hitting $1.6 billion, a six-month high.
That triggered an 11% pullback, with XRP dipping below $2.90 and cracking $3 support twice since the peak. The first breakdown came when it failed to hold $3.15-$3.20, giving bears the edge.
