XRP price has increased by 8% in the past 24 hours, pushing its market cap to $147 billion and solidifying its position as the third-largest cryptocurrency. Technical indicators suggest mixed signals on whether the momentum will continue. The RSI has improved significantly, indicating strengthening buying pressure and a transition from a neutral zone to a more bullish phase. The number of XRP whales has reached an all-time high, signaling growing interest and accumulation by significant market participants. This increase in large holders can act as a bullish indicator. XRP's EMA lines are currently in a bullish configuration, suggesting strong upward momentum. However, if the current uptrend falters, XRP could retrace to test support levels at $2.35 and $2.2 before potentially dropping to $1.99.
- Content Editor ( beincrypto.com )
- 2025-01-14
XRP Rallies 8% as Whale Accumulation Hits Record Highs