The XRP price has dropped 22% in the past week, but there are signs of potential stabilization. The Relative Strength Index (RSI) has rebounded from oversold levels and is now in a neutral range, suggesting a shift in momentum. The number of XRP whales has stabilized after a brief surge, indicating a consolidation phase. XRP's Exponential Moving Averages (EMAs) have formed a bearish death cross, indicating downside risks. XRP ETFs are eyeing SEC approval, which could impact future price action. Key support levels to watch are at $2.32, with resistance levels at $2.60 and $2.82. If bullish momentum returns, XRP price could extend towards $3.15.
Content Editor ( beincrypto.com )
- 2025-02-08
XRP Price Stabilizes as Whale Activity Levels Off After Recent Surge
