XRP's Potential Rise: Could Whales Signal a Bullish Shift?
- Technical Indicator Shift: XRP faces short-term downward pressure after struggling to break through resistance levels of $1.43 to $1.48, but technical patterns suggest a potential formation of a B-wave, indicating possible upward movement ahead.
- Surging Trading Volume: According to CoinGecko, XRP is currently trading at $1.43, with a 0.76% increase in the last 24 hours and a 5% rise over the past week, while trading volumes exceed $2.57 billion, reflecting sustained investor interest.
- Increased Whale Activity: On-chain analytics from Santiment reveal that over 360 million XRP were acquired by large holders in the past week, a pattern that often indicates rising market confidence and anticipates a potential uptrend.
- Critical Resistance Level: Analysts note that if XRP can close above $1.55 on the daily chart, it would confirm a breakout, potentially propelling the price towards a target of $1.90, with market focus on overcoming key resistance levels to establish new upward momentum.
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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | 1.123 | 1.221 | 1.314 | 1.412 | 1.504 | 1.603 | 1.695 |
| Fibonacci | 1.221 | 1.294 | 1.339 | 1.412 | 1.485 | 1.53 | 1.603 |
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