The price of XRP has been consolidating over the past month, with only a modest growth of 2.2% in the last 30 days. Despite the formation of a golden cross, indicating potential bullish momentum, there has been a lack of accumulation by whales, which could negatively impact further price gains. The Chaikin Money Flow (CMF) for XRP remains positive, showing ongoing buying pressure, but has slightly cooled from its recent peak. The next moves for XRP will likely depend on whether it breaks above the $2.53 resistance or succumbs to bearish pressures near the $2.33 support. The number of XRP whales holding between 10 million and 100 million XRP has decreased to 296, the lowest level since December 24, indicating a bearish sentiment among major investors. The positive CMF suggests growing investor confidence in XRP, but the declining whale accumulation and slight dip in CMF indicate that the current uptrend may be losing strength. If the $2.33 support fails to hold, XRP price could decline towards $2.13 and potentially even $1.96. Alternatively, if the uptrend regains traction and breaks above the $2.53 resistance, the price could target $2.72, offering potential upside of 10.6%.



Other News from Today