XRP Whale Activity Spikes, Market Reset May Trigger Next Surge
- Whale Transfer: A significant whale transfer of $119 million, involving nearly 89.8 million XRP, was recently moved to Coinbase, indicating potential sell-off or strategic repositioning, which could negatively impact market sentiment.
- Leveraged Position Liquidation: XRP's open interest plummeted from $7 billion to $1.5 billion, showcasing a dramatic liquidation of speculative traders, resulting in daily losses estimated at $110 million, reflecting severe market volatility and investor panic.
- Sentiment Shift: Data from Santiment reveals that fear, uncertainty, and doubt surrounding XRP have surged to the highest levels in nearly two years, with social media discussions turning sharply bearish, further exacerbating market unease.
- Structural Reset: As retail sentiment fades and speculative capital exits, the market is undergoing a reset; while near-term pressure remains, this deleveraging phase could lay the groundwork for more stable growth in the future.
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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 | 1.118 | 1.219 | 1.308 | 1.409 | 1.499 | 1.6 | 1.69 |
| Fibonacci | 1.219 | 1.291 | 1.336 | 1.409 | 1.482 | 1.527 | 1.6 |
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