One more of the bunch, will never reach even 3 digits.

Ripple XRP: Just another one of the bunch or the new creator of millionaires

The price of Ripple ($XRP ) has shown a modest growth of 2.2% in the last month, consolidating in a range between $2.33 and $2.53. Despite the formation of a golden cross indicating a possible bullish momentum, whale activity suggests a lack of accumulation. Currently, the Chaikin Money Flow (CMF) remains positive but has decreased from its recent peak, indicating that buying pressure is diminishing.

The reduction in the number of whales holding large amounts of XRP (between 10 and 100 million) has fallen to 296, the lowest level since December. This could reflect a bearish sentiment among major investors and limit the asset's bullish potential. Unless this trend reverses, XRP may face difficulties in maintaining its momentum.

Technical analysis shows that XRP is in a bullish pennant, which generally indicates a continuation of the upward movement after a consolidation phase. However, if it fails to break the resistance at $2.53, it could drop towards $2.13, representing a correction of 19.6%. On the other hand, if it surpasses the resistance, it could aim for higher levels like $2.72.

External factors also play an important role in the future of XRP. The possible assumption of Donald Trump as president could positively influence the cryptocurrency market as a whole. Additionally, the monthly release of XRP by Ripple suggests renewed interest in the asset.

In summary, although XRP has shown signs of consolidation and modest price increase, the lack of accumulation by whales and selling pressure could limit its short-term growth. Upcoming movements will depend on its ability to break key resistances and the macroeconomic context surrounding the cryptocurrency market.


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