The article provides a fairly detailed analysis of the current situation of Ripple ($XRP ) focusing on on-chain factors, whale behavior, and technical indicators. Here is a summary and key assessment:
1. Whales are accumulating strongly
• Large wallets (1 million - 100 million XRP) are accumulating more, indicating a “buy the dip” strategy during a price decline.
• This is a positive signal as large investors often have a long-term outlook, betting on XRP's recovery potential.
2. Stable support levels
• Key support levels:
• 2.32 USD: A strong recent support level.
• 1.59 USD: 50-day moving average.
• Although facing resistance at 2.46 USD, maintaining above key MA levels indicates that market sentiment remains optimistic.
3. MVRV (Market Value to Realized Value) ratio
• The MVRV ratio decreasing to 5.91% reflects a drop in short-term profit-taking activity, helping to reduce selling pressure.
• Combined with whale buying activity, this creates a positive environment for price recovery.
4. Technical signals
• Trading volume remains high, reflecting ongoing interest from the market.
• If XRP surpasses the threshold of 2.46 USD, the potential for price increase could be reinforced.
Conclusion
Based on this analysis, $XRP has a recovery opportunity in the medium term if:
1. Whales continue to accumulate.
2. Price remains stable above key support levels.
3. Selling pressure continues to decline.
However, investors need to closely monitor factors such as trading volume, overall market trends, and the ability to surpass current resistance levels to confirm a sustainable bullish signal.
Note: The article provides informational content, not investment advice. Investors should carefully assess risks before making decisions.#xrp 