XRP Price Rallies 8% Amid Record Whale Accumulation | Airdrop Alert Pro

XRP prices have surged about 8% in the past 24 hours, bringing its market capitalization to $147 billion and solidifying its position as the third-largest cryptocurrency, behind Bitcoin (BTC) and Ethereum (ETH). The rally has reignited trader interest, with technical indicators showing mixed signals on whether the momentum will continue.

Although XRP’s relative strength index Indicating an improvement in bullish power, whale activity has reached record levels, and key resistance and support areas will play a key role in determining its next move. The focus now shifts to whether XRP can sustain its uptrend and test higher levels, or face a potential pullback towards key support levels.

XRP RSI is recovering

Ripple The RSI rose sharply from 41 to 58.9 in just one day, indicating a significant increase in bullish momentum. Sharp rise reflects increasing buying pressure XRP is closer to overbought territory.

This shift suggests that the asset is transitioning from neutral territory to a more bullish phase, with the potential for further price gains if this momentum continues.

RSI (Relative Strength Index) measures the speed and magnitude of price changes. It ranges from 0 to 100. Values ​​below 30 generally indicate oversold conditions and potential reversal opportunities, while values ​​above 70 indicate overbought levels and the possibility of a pullback.

Ripple Relative Strength Index 58.9 puts it in moderately bullish territory, which means there is room for further gains before overbought conditions are reached. However, continued momentum will be key to breaking out to higher levels, while failure to maintain this trajectory could lead to consolidation.

XRP whales are breaking records

quantity Ripple Whales (addresses holding between 1 million and 10 million XRP) have reached an all-time high of 2,054, up from 2,004 four days ago.

The increase in large holders indicates increasing interest and accumulation among important market participants, which is typically associated with increased confidence in the asset’s future potential. This accumulation can serve as a bullish indicator, as whales tend to influence market sentiment and price action due to their large holdings.

Tracking whale activity is crucial as these large players can significantly influence liquidity and price trends. When the number of whales increases, it signals increased demand and longer-term confidence in the asset, potentially supporting price stability or upward momentum.

Whale numbers hit record high Ripple May indicate strong fundamental support, as these market participants are often seen as strategic investors anticipating future price growth. However, it is also important to monitor their activity closely, as whale selling can put downward pressure on the market.

XRP Price Prediction: Here’s How It Can Recover $2.7

Ripple The EMA line is currently in a bullish formation, with the short-term EMA above the long-term EMA. This alignment suggests strong upward momentum, and if resistance at $2.6 is tested and broken, it could pave the way for further gains.

The next potential target is $2.72, which is in line with the previous important level and reinforces the bullish outlook if the uptrend continues.

However, if the current uptrend falters, this XRP price A retracement to test support at $2.35 is possible. Failure to hold this level could lead to further losses, with $2.2 becoming the next key support level. If this level also fails, XRP could drop to $1.99, signaling a major shift in market sentiment and a deeper price correction.