#CryptoReboundStrategy

Momentum Indicators in Spotlight as $XRP Trades in a Tight Range

XRP price has been consolidating over the past month, with a modest 2.2% gain in the last 30 days. Despite forming a golden cross earlier this month, indicating potential bullish momentum, whale activity suggests a lack of accumulation, which could weigh on further price gains.

XRP’s Chaikin Money Flow remains positive, highlighting ongoing buying pressure, but the indicator has cooled slightly from its recent peak. These factors suggest that XRP’s next moves will largely depend on whether it breaks its resistance at $2.53 or succumbs to bearish pressure near its support at $2.33.

XRP Whales Stop Accumulating

The number of XRP 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 holders has been steadily declining.

This marks a significant shift in whale activity, as the number previously reached a monthly high of 305 on December 7, coinciding with the price of XRP crossing $2.50.