XRP Price Stability Continues Despite 14% Weekly Jump
XRP price is up 14% over the past seven days but has entered a consolidation phase and has been trading between $2.34 and $2.46 for the past six days. The range-bound movement during this period reflects a balanced market sentiment, with neither bulls nor bears taking dominance.
The number of whales holding between 10 million and 100 million XRP has also remained stable since the end of December, further supporting neutral market conditions. However, if bullish momentum builds, XRP may break out and target significant upside levels, with $2.72 and $2.9 likely to follow next.
XRP RSI is currently neutral
Ripple Relative Strength Index (relative strength index) is currently at 55.7, reflecting a period of moderate market momentum. RSI is a technical indicator that measures the speed and magnitude of price changes on a scale from 0 to 100, helping traders identify whether an asset is overbought or oversold.
Values above 70 generally indicate overbought conditions and the potential for a pullback, while values below 30 indicate oversold conditions and the potential for a price rebound. RSI for XRPIt has been in neutral territory since January 3, indicating balanced buying and selling pressure.
At current levels, the XRP RSI indicates consolidation, with neither bulls nor bears dominating the market.
To resume upward momentum, the RSI needs to climb closer to overbought territory, reflecting stronger buying activity. Conversely, if the RSI starts to fall, it could indicate weak market sentiment and the possibility of a minor pullback.
XRP whales have remained stable since late December 2024
quantity XRP whale There have been large fluctuations in holdings between 10 million and 100 million coins recently. After reaching a monthly high of 305 cases on December 7, the number dropped sharply to a monthly low of 292 cases on December 18.
It has since recovered slightly and stabilized around 298, a level it has held since December 27. Tracking whale activity is crucial as these large traders can significantly influence market trends through their buying or selling decisions.
The stabilization of whale numbers over the past two weeks suggests the market is entering a period of consolidation. This could indicate that major investors are neither actively adding to nor selling off their holdings, reflecting neutral sentiment.
for Ripple pricethis stability may mean limited volatility In the short term, the absence of large-scale whale movements helps maintain price stability. However, a renewed increase or decrease in whale activity could mark the beginning of a new trend.
XRP Price Prediction: Can It Rise 20%?
Ripple price It has been consolidating for the past six days, trading within a narrow range between resistance at $2.53 and support at $2.33. This price action reflects a lack of apparent momentum and the market is waiting for a decisive move.
If support at $2.33 is tested but fails to hold, Ripple It may face further losses, possibly to $2.13 and $1.96 as the next key levels.
XRP’s EMA line shows uncertainty, with no clear directional signal at the moment. However, if bullish momentum returns, Ripple price A test of the $2.53 resistance is likely.
A successful break above this level could spark further gains with targets at $2.72 and possibly even $2.90, representing a potential gain of 20.3%. The outcome will depend on whether buyers or sellers gain control in the coming days.
Disclaimer
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