Golden Cross Hints at Bigger Gains Ahead
XRP Price continued to show strong motivation after reaching a new historical highest point in mid -January. In the past 24 hours, the token has risen by nearly 10 %, its market value was 181 billion US dollars, and the transaction volume exceeded $ 10 billion.
Although whale activities have declined slightly, the number of large XRP holders remains very high in history, which shows continuous interest. Key technical indicators (such as CMF and EMA lines) have proposed the potential of further rise, although the key support level is essential to determine the next step of XRP.
XRP whale decreases from its peak
XRP Whale address (holding 10 million to 100 million XRP) holds 305 on January 23 and 24, marking one of the highest levels in history.
Since then, this number has dropped slightly to 299, but it still rises, indicating that although the continuous interest of large holders has recently decreased.
Tracking whale activities is very important because these large holders are usually capable of affecting price changes through their trading operations.
The current 299 people counting shows that although some whales may reduce their holdings, the overall confidence of major investors is still strong. This elevated level can be supported XRP priceAs a consistent accumulation of whales, the signal usually represents long -term bullish mood.
XRP CMF means accumulation increase
XRP’s Chaikin currency (CMF) has increased from 0.08 a day ago to 0.19, indicating that capital inflows increase and stronger purchase pressure. This shows that investors are accumulating XRPThis is the potential signs of the market litter.
The CMF that measures accumulated and distributed volume weighted average shows the positive value when the capital flow exceeds the outflow.
Reading is 0.19, XRP CMF emphasizes the increasing confidence between buyers, which can provide support for its price and signal potential.
XRP price forecast: New historical peak in February?
XRP The EMA cable indicates that a golden cross can form, which may trigger a new upward trend. If this bullish mode is realized, XRP may rise to test the resistance level of $ 3.28.
Break through that, XRP price For the first time in history, it may climb to $ 3.40, and it may reach $ 3.50.
However, if a downward trend, XRP price Can test the support level of $ 3.03. Losing this support may cause further decrease to US $ 2.82, and may fall to $ 2.60 or even 2.32 US dollars. This will represent 26.5 % correction.
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