XRP Price Surges, Volume Hits $20 Billion
XRP prices have soared 39% in the past seven days, with a market capitalization approaching $190 billion and 24-hour trading volume reaching $20 billion. The market is showing strong signals of activity, with whale addresses holding between 10 and 100 million XRP remaining at elevated levels, reflecting the confidence of major holders.
Meanwhile, Chaikin Money Flow (CMF) has returned to positive territory at 0.11, indicating moderate accumulation after a brief decline. With a bullish EMA line and strong momentum, XRP may test new all-time highs, but key support levels must be held to avoid a potential sharp pullback.
XRP whale addresses remain at high levels
quantity Ripple Whales (addresses holding between 10 million and 100 million XRP) reached 302 on January 17, one of the highest levels in its history. Although the number dropped slightly to 301, it is still at a high level, indicating that the confidence of large holders remains.
Tracking these whales is crucial as their actions can significantly influence market trends. Their decisions to buy or sell often signal changes in sentiment or expected price movements.
The level of 301 whale addresses is very high, showing the strong interest and accumulation of major players in this field. Ripple market. This higher number suggests these large shareholders may be preparing for potential price increases, reflecting longer-term optimism.
If these whales continue to hold on or accumulate further, they can stabilize and support the price of XRP, reducing the likelihood of a sharp decline and potentially paving the way for continued upward momentum.
XRP CMF turns positive after briefly reaching -0.05
Ripple Chaikin Money Flow (CMF) is currently at 0.11, having rebounded from its recent lows to -0.05 a day ago. Prior to this, CMF readings had been positive for 9 consecutive days, peaking when XRP price hit 0.33 all time high.
CMF measures the flow of money into and out of an asset, with positive values indicating accumulation and negative values indicating distribution.
A positive CMF of 0.11 suggests buyers still have the advantage, albeit with less momentum compared to recent peaks. This level indicates moderate accumulation and may be Ripple price In the short term.
If the CMF remains positive or strengthens, it could signal a resurgence of bullish activity, while a move back into negative territory could signal selling pressure and potential price declines.
XRP Price Prediction: About to Hit an All-Time High?
The XRP EMA lines are currently showing a bullish pattern, with the short-term line above the long-term one, indicating upward momentum. If this positive trend strengthens further, Ripple price A move to test levels above $3.40 is possible, potentially setting a new all-time high.
However, if the trend reverses, XRP could face a significant correction, with the nearest strong support being $2.60. A break below this level could push Ripple price As low as $2.32, if further selling pressure emerges, the price could fall to $1.99, its lowest level since December 2024.
Disclaimer
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