XRP Price Rebounds 3% With Stable Whale Activity
XRP price fell by 6% in the past 7 days but has managed to recover 3% in the past 24 hours, indicating underlying stability. this relative strength index It has risen to 46.5, out of oversold territory, while whale activity remains stable after a brief accumulation phase over the Christmas period.
These indicators point to cautious market sentiment, with XRP trading between resistance at $2.13 and support at $1.96. Whether XRP can sustain its recovery or face further declines will depend on breaking through key resistance levels or avoiding a potential death cross on the EMA line.
XRP RSI recovers from oversold territory
Ripple The relative strength index (RSI) currently stands at 46.5, recovering from the oversold level of 30 hit between December 30 and December 31. This rebound suggests that selling pressure has eased and prices are trying to stabilize.
The RSI at 46.5 indicates momentum remains slightly bearish but is heading towards neutral territory, suggesting traders may be hesitant as Ripple The price is trying to stay above $2.
RSI is a momentum indicator that measures the speed and magnitude of price changes on a scale of 0 to 100. Readings above 70 indicate overbought conditions and usually signal a potential price correction, while readings below 30 indicate oversold conditions and the possibility of price recovery.
and Ripple The RSI is at 46.5, which is in neutral territory and does not indicate strong upward or downward momentum. In the short term, this could mean that XRP is in a consolidation phase and, unless there is a significant shift in buying and selling pressure, it may hover around current levels.
Whales Accumulated XRP Over Christmas
quantity XRP whale— addresses holding between 10 million and 100 million XRP — have remained stable in recent days. Between December 24 and 25, these addresses briefly increased from 296 to 301, marking a short-term accumulation phase.
However, the number has dropped slightly since December 26 and has been hovering between 298 and 299, indicating a plateau in whale activity. This steady behavior suggests that large investors are currently neither actively accumulating nor selling XRP.
Tracking whale activity is crucial as these large holders often have a significant impact on market dynamics. Their buying can create upward momentum, while their selling can exert downward pressure.
The current stability in whale numbers suggests a cautious approach and reflects neutral sentiment among major investors. In the short term, this may mean Ripple price May keep interval limits, minimum volatilityunless whale activity shifts decisively toward accumulation or distribution.
XRP Price Prediction: Will It Stay Above $2?
Ripple price It is currently trading within a tight range with resistance at $2.13 and support at $1.96, struggling to stay above $2.
If the $2.13 resistance is tested and broken, XRP price may see further upward momentum, possibly targeting $2.33. If the uptrend gains additional strength, the price could climb to $2.53, marking a stronger bullish phase.
However, the EMA lines suggest caution as a potential death cross could form soon, signaling a bearish shift in momentum.
If this bearish pattern materializes, Ripple The price may lose the key support at $1.96 and test $1.89. Failure to hold this level could see the price drop further to $1.63, marking a significant decline.
Disclaimer
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