XRP Price Stays Stable, Trading Volume Plunges 33%
The price of XRP has fallen by more than 4% in the past seven days, indicating continued weakness. Trading volume fell 33% in the past 24 hours to $5.2 billion. Despite the weak momentum, the market is signaling stabilization, supported by whale activity and technical indicators that point to a possible shift ahead.
Whale addresses holding between 10 million and 100 million XRP have increased slightly, reaching 299 as of January 8, indicating cautious accumulation. However, without stronger buying momentum or improving market sentiment, XRP remains at risk of further correction or extended consolidation.
XRP whales remain cautious
quantity Ripple Whales are defined as addresses holding between 10 million and 100 million XRP, providing important insights into the market behavior of large investors. These whales often have a significant impact on price movements, as their accumulation or distribution affects market sentiment and liquidity.
After reaching a monthly low of 292 on December 18, Ripple By December 25, the whale population had recovered to 301 whales, but has since shown signs of stabilizing, albeit with slight fluctuations.
As of this writing, the number of whales is 297. This steady activity suggests cautious but growing interest from large investors, despite XRP is in a consolidation phase.
The gradual increase in whale addresses could signal renewed confidence in XRP, potentially setting the stage for near-term price stability or recovery. However, without a stronger accumulation trend, the market’s momentum in either direction is likely to continue to be limited.
XRP CMF remains negative
Cai Jin Capital Flow (CMF) Ripple It currently stands at -0.07, recovering from the recent low of -0.24 on January 7. CMF is a technical indicator that measures capital inflows or outflows from an asset using price and volume data over a specific period.
Values above 0 indicate net buying pressure, indicating bullish sentiment, while negative values reflect net selling pressure and bearish sentiment.
XRP’s CMF remains in negative territory at -0.07, indicating that selling pressure is still outweighing buying activity. However, the rise from -0.24 indicates a decrease in the intensity of the selling and may signal stabilization or a shift toward more balanced market conditions.
If the CMF continues its recovery and moves into positive territory, it could indicate renewed buying interest and support a potential price rebound. On the other hand, if the indicator trends downward again, Ripple May face additional downward pressure.
XRP Price Prediction: $2.35 Resistance Is Fundamental
XRP’s EMA line is currently showing uncertainty, with no clear directional signals emerging. This indecision highlights a balanced market environment, as both bullish and bearish outcomes are still possible, as shown by the whale indicator and CMF.
If an uptrend develops and Ripple price A successful break above the $2.35 resistance could set the stage for further gains. Continuation of the bullish momentum could push the price towards $2.53 or even $2.72, with a potential upside of 17.6%.
Conversely, a downward trend may result in arrive Ripple price test Support is at $2.13. Failure to hold this level could see the price come under additional downward pressure, potentially dropping to $1.96, its lowest level since mid-December.
Disclaimer
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