XRP Price Consolidates: What Momentum Indicators Reveal
XRP price has been consolidating over the past month, rising only slightly by 2.2% over the past 30 days. Although a golden cross formed earlier this month, signaling underlying bullish momentum, whale activity points to a lack of accumulation, which could drag the price further higher.
XRP’s Chaikin Fund Flow (CMF) remains positive, highlighting continued buying pressure, but the metric has cooled slightly from its recent peak. These factors suggest that XRP’s next move will largely depend on whether it breaks through the $2.53 resistance or succumbs to bearish pressure near the $2.33 support.
XRP whales pause accumulation
quantity Ripple The number of whales holding 10 million to 100 million XRP has dropped to 296, the lowest level since December 24. After peaking at 301 on December 25, the number of these large households began to decline steadily.
This marks a significant shift in whale activity, as whale numbers previously reached a monthly high of 305 animals on December 7, coinciding with Ripple The price is over $2.50.
Tracking whale activity is crucial as these large holders can have a significant impact on the market. Their accumulation usually indicates confidence in the coin and can push the price higher, while a decrease in volume usually indicates selling pressure or declining interest.
Recent decline in whale numbers suggests pessimism among major investors could be causing pressure Ripple price In the short term. Unless whale activity stabilizes or reverses into accumulation, XRP may struggle to regain upward momentum.
XRP CMF reaches highest level in a month
Ripple Chaikin Money Flow (CMF) is currently at 0.28 and has remained positive near 0 since January 1st. CMF is trending upward in the new year, indicating rising capital inflows as buying pressure outweighs selling pressure.
This positive CMF reflects growing investor confidence and indicates that XRP is attracting interest from market participants.
CMF is a momentum indicator that measures the flow of money in and out of an asset based on price and volume. Values above 0 indicate net buying pressure, while values below 0 indicate net selling pressure. Although Ripple The CMF peaked at 0.33 a few hours ago and has since dropped slightly to 0.28, still in positive territory.
This suggests that while buying momentum may have cooled slightly, the overall trend still supports further price stability or a mild short-term rise as long as the CMF does not continue to fall.
XRP Price Prediction: Potential 19.6% Correction
Ripple price It is currently trading within a narrow range between the resistance at $2.53 and the support at $2.33. The formation of a golden cross on January 1 fueled the recent price surge, signaling strong bullish momentum.
However, indicators such as declining whale accumulation and a slight decline in CMF suggest that the current uptrend may be losing strength.
If support at $2.33 fails to hold, Ripple price There could be more selling pressure leading to a drop towards $2.13. A break below this level could push the price further towards $1.96, marking a potential 19.6% retracement.
Conversely, if the uptrend regains traction and XRP price breaks the $2.53 resistance, $2.72 could be the next target, representing a potential upside of 10.6%.
Disclaimer
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