Significant Divergence in XRP Market Transaction Flows
- Divergence in Transaction Flows: According to analyses from CryptoQuant and Glassnode, a significant divergence in XRP transaction flows across major exchanges is evident, with Bybit deposits surging to 26,600, surpassing the 23,500 level recorded on February 22, indicating strong market demand for this exchange.
- Bybit as an Outlier: Bybit's daily deposit data has remained above 4,000 since April 28, suggesting a sustainable upward trend, while deposits on Binance and Coinbase are near zero or negative, reflecting a weakening confidence in these platforms.
- Significant Decline in Network Activity: Glassnode's data reveals that the number of new daily addresses on the XRP network has plummeted by 85%, from 18,000 in December 2024 to approximately 2,700 today, indicating a substantial reduction in speculative activity at the network level.
- Liquidity and Speculative Activity: While the increase in Bybit deposits may suggest rising speculative activity, CryptoQuant emphasizes that this indicator measures transaction counts rather than total XRP moved, thus should not be interpreted as direct evidence of large-scale selling.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.254 | 1.307 | 1.353 | 1.405 | 1.451 | 1.503 | 1.549 |
| Fibonacci | 1.307 | 1.344 | 1.367 | 1.405 | 1.443 | 1.466 | 1.503 |
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