HomeCryptocurrencyThis Chart Shows XRP Whales On Coinbase Are Still Targeting $33 This...

This Chart Shows XRP Whales On Coinbase Are Still Targeting $33 This Year

Crypto analyst Steph Is Crypto (@Steph_iscrypto) posted a whale order chart for XRP on September 4 with a noteworthy observation: “Coinbase Whales are still targeting $33 for XRP this year.”

The chart he shared shows a dense wall of large sell orders stacked from current prices up to $33, with XRP trading at $1.4655 when the tweet was posted.

The Chart in Detail

The chart displays whale orders as horizontal red lines across a wide price range. These lines run from $5 to $35. The density is heaviest between $10 and $30, suggesting massive sell-side positioning at those levels. At the bottom, green circles mark clusters of large buy orders at the current price.

The concentration of buy activity near current levels stands in contrast to the sea of red above. Steph’s read on the chart is that whales are not just watching $33. They are actively positioned for it.

Assessing the $33 Target

The $33 figure is not new. Multiple analysts have pointed to it independently, using different methodologies. EGRAG CRYPTO derived it by averaging XRP’s historical cycle gains of 1,250% in 2017 and 560% in 2021, producing a projected 905% move from the current structure.

Analyst Cryptobilbuwoo0 applied a fractal argument, noting that XRP peaked near $3.30 in 2018 and that a 10x repetition of that move places the next peak at $33. EGRAG CRYPTO also identified a symmetrical triangle on the long-term chart, broken to the upside in late 2024, with Fibonacci extension targets converging near $30 to $33.

These are three separate analytical approaches reaching the same price level. The convergence gives the target more technical credibility than any single prediction alone would carry.

Whale Positioning and its Significance

Whale orders on platforms like Coinbase are significant because they reflect the intentions of large capital participants. When whales place sell orders at a specific level, it signals where they expect price to reach. It also signals where they plan to exit.

XRP sits at $1.4655 as of this chart. The distance to $33 is roughly 2,150%. Sistine Research has predicted that XRP could trade between $33 and $50 by 2027. The whale data suggests the distance is on the table for serious market participants.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on X, Facebook, Telegram, and  Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles