XRP Price Holds Firm as Whales Accumulate Big
XRP price has surged 17% in the past seven days and more than 3% in the past 24 hours, reflecting recent strong performance. As the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH), XRP has a market capitalization of nearly $185 billion.
Despite this growth, its trading volume has dropped by 55% in the past 24 hours and currently stands at $7.55 billion. This hybrid activity highlights the importance of checking key indicators, e.g. relative strength indexwhale movements, and EMA trends to evaluate XRP’s next potential price direction.
XRP RSI has remained neutral for 5 days in a row
Ripple The Relative Strength Index currently stands at 52.3, maintaining a neutral stance since January 17, five days ago. The RSI has been holding near 50 for the past two days, indicating a balanced market with no strong buying or selling pressure.
This neutral interpretation means Ripple price It is in a consolidation phase, with the price neither rising nor falling significantly, and is waiting for potential catalysts to determine its next move.
RSI is a widely used momentum indicator that evaluates the strength and speed of price changes on a scale of 0 to 100. An RSI below 30 indicates oversold conditions and may indicate a price rebound, while an RSI above 70 indicates overbought levels and a potential correction to the downside.
XRP has an RSI of 52.3 and market sentiment is neutral, showing no signs of excessive bullish or bearish activity. If the RSI starts to rise above 60 or falls below 40, it may indicate that momentum is shifting, possibly signaling the beginning of a new trend Ripple.
The number of XRP whales has reached an all-time high
quantity XRP whaleDefined as addresses holding between 1 million and 10 million XRP, it has reached an all-time high of 2,083. This is an important milestone in the accumulation, as the number has been rising steadily since the end of December.
As of December 21, the number of such addresses was 1,958, showing significant growth over the past month.
Tracking whale activity is crucial as these addresses often have the power to influence market trends. Large accumulations in whales may indicate bullish sentiment, as their buying activity may reduce available supply and support higher prices.
Whale numbers are currently at an all-time high, suggesting increased interest and potential positioning ahead of major market moves. If this trend continues, it could indicate increasing demand and, subsequently, longer-term confidence in the market. Ripple price.
XRP Price Prediction: Will There Be a Correction of 26.8%?
XRP EMA line Still bullish, the short-term line is above the long-term line, indicating an overall upward trend. However, the lack of upward movement in recent days suggests that the market is entering a period of consolidation.
This pause in momentum reflects a more balanced state, where neither buyers nor sellers are currently dominant.
if Ripple price If it can resume its uptrend, it could test resistance at $3.40, a key level that could signal renewed strength. Conversely, if the trend reverses, the price may first test the $2.82 support.
A break below this level could lead to further losses, with $2.60 and $2.32 being potential lower targets. Losing support at $2.32 would mean a sharp decline of 26.8%.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
