XRP Price Holds Steady as Whale Activity Declines
XRP price has fallen 22% over the past week, with technical indicators showing both bearish pressure and potential stability. this RSI Neutrality was maintained after a sharp rebound from oversell levels earlier this month, while whales populations stabilized after a brief surge.
Meanwhile, the exponential moving average (EMA) of XRP forms a bearish death cross, indicating that the downside risk remains unless the reversal is formed. In addition to the broader market narrative, the XRP ETF is now focusing on the post-19b-4 application SEC approval of CBOE, which could play a key role in shaping future price action.
XRP RSI remains neutral since February 3, following the same pattern
XRP Relative Strength Index (RSI) In just a few hours, it has risen from 35.2 to 44.6, reflecting the shift in momentum after the recent weakness. This growth suggests an increase in buying interest, although XRP remains within the neutral range.
RSI is widely used Momentum indicator This oscillates between 0 and 100. It helps traders measure whether or not they are oversold.
Typically, an RSI above 70 means that the conditions are too high and the price may need to be corrected, while an RSI below 30 signal oversold areas is usually a potential buying opportunity. Values between 30 and 70 are considered neutral, meaning that the market is neither a bearish nor a bearish stage.
Since February 3 XRP RSI remains in neutral territory After reaching an extreme low of around 13 on February 2. This rebound suggests that the huge sales pressure to raise XRP to oversell levels has subsided, thus stabilizing prices.
Now the RSI is 44.6, and momentum gradually shifts to the upper end of the neutral range.
While this is not a clear bullish signal, it indicates that demand continues to increase, which could lead to XRP testing resistance levels if buying pressure continues. More than 50 continued pushes will be a stronger confirmation of bullish momentum and potentially open the door for further price action.
XRP whales slowly declined after surge 6 days ago
quantity XRP Whale – Addresses holding 1,000,000 to 10,000,000 XRP – currently 2,130. This figure rose from 2,081 to 2,136 between February 1 and February 2, indicating a sharp accumulation phase before the slow decline.
Tracking these large holders is crucial because they often have the ability to influence market trends due to the huge amount of XRP they control.
As whale activity increases, it may indicate a growing confidence among high-net-worth investors, while a decline may indicate profit or sentiment shift.
The current number XRP Whale Stabilization After a brief emergence of 2,130, the market seems to be in a merger phase. If whales continue to decline, it may indicate that some large holders are unloading their positions, which may lead to short-term price weakness.
However, if the decline stabilizes or reverses to another accumulation phase, it may indicate an increased confidence in the XRP outlook. The continued increase in whale addresses will be a bullish signal.
This suggests that institutions or large investors see long-term value in XRP and position it as potential future upside potential.
XRP Price Forecast: Will XRP trade exceed $3 in February?
The exponential moving average (EMA) line of XRP represents bearishness as a new death cross formed two days ago. This occurs when short-term EMAS crosses below long-term EMAS, and signaling continues to move downward.
In the past seven days, XRP Price It has fallen by 22%, enhancing negative sentiment.
If the bearish trend continues, the key support level is $2.32, and if sales pressures increase, more downside potential is $2.20 or even $1.99.
The continued positioning of short-term EMA below long-term EMAS indicates that bears still have control and failure to maintain critical support levels may lead to further downward exploration.
However, a trend reversal could change XRP’s support, with its first resistance level of $2.60. If the buyer returns to strength and pushes XRP above, the next target is $2.82, which could be more than $3.
should XRP Price Recovering the bullish momentum seen in the previous months may be due to SEC Approves XRP ETFit may extend earnings to $3.15, indicating a renewed confidence in its uptrend.
Disclaimer
and 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 accurate and impartial 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.