XRP price has surged roughly 8% in the last 24 hours, pushing its market cap to $147 billion and solidifying its position as the third-largest crypto, behind Bitcoin (BTC) and Ethereum (ETH). This rally has sparked renewed interest among traders, with technical indicators showing mixed signals on whether the momentum will continue.
While XRP’s RSI suggests improving bullish strength and whale activity has hit record levels, key resistance and support zones will play a pivotal role in determining its next move. The focus now shifts to whether XRP can sustain its uptrend and test higher levels or face a potential retracement to critical supports.
XRP RSI Is Recovering
XRP RSI has risen significantly to 58.9 from 41 in just one day, indicating a notable increase in bullish momentum. The sharp rise reflects strengthening buying pressure as XRP moves closer to overbought territory.
This shift suggests that the asset is transitioning from a neutral zone into a more bullish phase, with the potential for further price gains if the momentum continues.
The RSI, or Relative Strength Index, measures the speed and magnitude of price changes. It ranges from 0 to 100. Values below 30 typically indicate oversold conditions and potential reversal opportunities, while values above 70 suggest overbought levels and the likelihood of a pullback.
XRP RSI at 58.9 places it in a moderately bullish zone, implying room for additional upside before reaching overbought conditions. However, sustained momentum will be key to breaking higher levels, while a failure to maintain this trajectory could result in consolidation.
XRP Whales Are Breaking Records
The number of XRP whales — addresses holding between 1 million and 10 million XRP — has risen to an all-time high of 2,054, up from 2,004 just four days ago.
This increase in large holders signals growing interest and accumulation by significant market participants, which often correlates with heightened confidence in the asset’s future potential. Such accumulation can act as a bullish indicator, as whales tend to influence market sentiment and price movements due to their substantial holdings.
Tracking whale activity is crucial because these large holders can significantly impact liquidity and price trends. When the number of whales grows, it suggests increased demand and long-term confidence in the asset, potentially supporting price stability or upward momentum.
The record-high whale count for XRP could indicate strong foundational support, as these market participants are often viewed as strategic investors anticipating future price growth. However, it’s also essential to monitor their activity closely, as whale sell-offs could exert downward pressure on the market.
XRP Price Prediction: This Is How It Can Recover $2.7
XRP EMA lines are currently in a bullish configuration, with short-term EMAs positioned above long-term ones. This alignment suggests strong upward momentum, and if the resistance at $2.6 is tested and broken, it could pave the way for further gains.
The next potential target would be $2.72, which aligns with previous importance levels and reinforces the bullish outlook if the uptrend continues.
However, if the current uptrend falters, the XRP price could retrace to test the $2.35 support level. Failure to hold this level may lead to further declines, with $2.2 acting as the next key support. Should this level also fail, XRP could drop as low as $1.99, marking a significant shift in market sentiment and a deeper price correction.
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