XRP has been in a consolidation mode for the past month, posting a modest gain of just 2.2%. Despite forming a “golden cross” earlier this month, signaling a potential upside, whale activity suggests a lack of accumulation, which could weigh on further upside.
XRP’s Chaikin Money Flow (CMF) remains positive, indicating continued buying pressure, but has declined slightly from its recent high. These factors indicate that XRP’s next move will largely depend on whether the price breaks above the $2.53 resistance level or is pushed below the $2.33 support level by selling pressure.
XRP Whales Pause Accumulation
The number of “whales” holding between 10 million and 100 million XRP has dropped to 296, the lowest level since December 24. After peaking at 301 on December 25, the number of these large investors has begun to decline.
This is a significant change in whale activity, as their number previously reached a monthly high of 305 on December 7, coinciding with the XRP price surpassing the $2.50 mark.
Number of “whales” holding between 10 million and 100 million XRP | Source: Santiment
Tracking the activity of “whales” is important because these large investors can significantly influence the market. Their accumulation often signals confidence in the coin and can drive prices up, while a decrease in their number often indicates selling pressure or a decrease in interest.
The recent decline in the number of “whales” suggests bearish sentiment among large investors, which could put downward pressure on XRP prices in the short term. Unless whale activity stabilizes or returns to accumulation, XRP may struggle to regain bullish momentum.
XRP CMF Index Hits Monthly High
XRP’s Chaikin Money Flow (CMF) is currently at 0.28, maintaining a positive position since January 1, when the indicator was almost zero. The CMF has been showing an upward trend since the start of the new year, signaling increased capital inflows as buying pressure outweighs selling pressure.
This positive CMF indicator reflects growing investor confidence and shows that XRP is attracting interest from the market.
XRP Chaikin Money Flow (CMF) Index | Source: TradingView
CMF is a momentum indicator that measures the flow of money into and out of an asset based on price and volume. A value above 0 indicates net buying pressure, while a value below 0 indicates net selling pressure. Although XRP's CMF peaked at 0.33 a few hours ago and has now dropped slightly to 0.28, it remains in positive territory.
This suggests that while buying momentum may have waned slightly, the overall trend still supports price stability or a slight increase in the short term, as long as the CMF index does not continue to decline.
XRP Price Prediction: 19.6% Correction Likely
XRP price is currently trading in a tight range, between the $2.53 resistance and $2.33 support. The formation of a golden cross on January 1 fueled the recent rally, signaling strong bullish momentum.
However, indicators such as the accumulation decline from “whales” and the slight decline in the CMF index suggest that the current uptrend may be losing strength.
XRP/USDT 4-hour chart | Source: TradingView
If the $2.33 support level fails to hold, XRP price could face increased selling pressure, leading to a drop to $2.13. If this level is broken, the price could continue to fall further to $1.96, representing a 19.6% correction.
Conversely, if the uptrend regains momentum and XRP price breaks above the $2.53 resistance, it could target $2.72, offering a 10.6% upside potential.
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