Whales transferred 60 million XRP worth $132 million in 24 hours.
XRP price rose 3.54 percent to $2.25 with $7.67 billion trading volume.
XRP continues to capture investor interest, driven by whale activity and the introduction of innovative features. In the past 24 hours, whales transferred 60 million XRP, worth over $132 million, between unknown wallets, signaling long-term accumulation.
The asset’s price currently stands at $2.25, up 3.54% over the past day. XRP’s market cap has reached $128.54 billion, representing a 3.54% rise. Trading volume plunged 36.74%, reaching $7.67 billion, while the fully diluted valuation (FDV) hit $224.52 billion.
XRP’s growth stems from expectations of ETF approval and clarity following the SEC lawsuit settlement. The recent launch of RLUSD, a stablecoin on the Ledger, has enhanced the network’s utility. The stablecoin improves transaction efficiency and supports tokenization with lower costs.
Technical Indicators for XRP
XRP’s technical analysis highlights a consolidation phase with breakout potential. The price faces resistance at $2.38, while support lies at $2.13. If XRP breaks resistance, the price could aim for $2.50, whereas breaching support may lead to $2.00.
The Relative Strength Index (RSI) is at 59.82, suggesting moderate bullish momentum. Its average, at 54.31, confirms stability. Moving averages show a bullish crossover, with the 9-day moving average above the 21-day average. This indicates potential upward momentum for XRP.
The RLUSD stablecoin boosts XRP’s ecosystem, enhancing its appeal among institutional and retail investors. Its ability to lower costs and speed up transactions strengthens the asset’s use case. Combined with whale activity, these innovations underline confidence in XRP’s future. With rising adoption and investor interest, XRP remains positioned for long-term growth. Prospects of regulatory clarity and ETF approval could further elevate its market appeal.Highlighted Crypto News TodaySenator-elect Bernie Moreno Joins Senate Banking Committee
