Buy Bitget Token (BGB)

XRP price continues to show strong momentum after reaching new all-time highs in mid-January. The token is up nearly 10% in the last 24 hours, with its market cap standing at $181 billion and trading volume exceeding $10 billion.

Despite a slight dip in whale activity, the number of large XRP holders remains at historically high levels, signaling sustained interest. Key technical indicators, such as CMF and EMA lines, suggest a potential for further upside, though critical support levels will be crucial in determining XRP’s next move.

XRP Whales Are Down from Peak Levels

XRP whale addresses—those holding between 10 million and 100 million XRP—reached 305 on January 23 and 24, marking one of the highest levels ever recorded.

Since then, the number has slightly declined to 299, but it remains elevated, indicating sustained interest from large holders despite the recent dip.

Wallets Holding Between 10 Million and 100 Million XRP. Source: Santiment

Tracking whale activity is critical because these large holders often have the power to influence price movements through their buying and selling actions.

The current count of 299 suggests that while some whales may have reduced their holdings, overall confidence among major investors remains strong. This elevated level could support XRP price, as consistent accumulation by whales often signals long-term bullish sentiment.

XRP CMF Indicates Increased Accumulation

XRP’s Chaikin Money Flow (CMF) has risen to 0.19 from 0.08 just a day ago, indicating increased capital inflows and stronger buying pressure. This suggests that investors are accumulating XRP, a potential sign of bullish sentiment building in the market.

XRP CMF. Source: TradingView

The CMF, which measures the volume-weighted average of accumulation and distribution, shows positive values when capital inflows exceed outflows.

With a reading of 0.19, XRP CMF highlights growing confidence among buyers, which could provide support for its price and signal potential upward momentum if sustained.

XRP Price Prediction: New All-Time Highs In February?

XRP EMA lines indicate the possibility of a golden cross forming, which could spark a new uptrend. If this bullish pattern materializes, XRP may rise to test the $3.28 resistance level.

Breaking past that, XRP price could climb further to $3.40 and potentially reach $3.50 for the first time ever.

XRP Price Analysis. Source: TradingView

However, if a downtrend emerges instead, XRP price could test the $3.03 support level. Losing this support might lead to a further decline to $2.82, with the potential to drop as low as $2.60 or even $2.32. This would represent a 26.5% correction.

TRUMP INSPIRED WLFI IS NOT BUYING XRP:
HERE'S ONE POSSIBLE REASON!

The Trump-inspired World Liberty Financial Initiative (WLFI) is on a buying spree, snapping up millions of dollars' worth of cryptocurrencies like Ethereum, Wrapped Bitcoin, Aave, and Chainlink. However, XRP, the third-largest cryptocurrency by market capitalization, is conspicuously missing from WLFI's shopping list .

So, why the snub? One possible reason is that the US government, under Trump's leadership, might be planning to take over Ripple's XRP escrow, which holds over 37.7 billion XRP tokens. This move would eliminate the need for WLFI to buy XRP from the open market .

Ripple's escrow system releases 1 billion XRP tokens monthly to ensure a steady supply. If the US government were to acquire these tokens, it would gain control of a significant portion of the XRP supply. This possibility has sparked speculation that XRP could play a key role in the US government's plans for a national digital asset stockpile .

It's worth noting that WLFI's token sale has struggled to gain traction, with the project raising only $16.2 million out of its reduced goal of $30 million .

Despite this, WLFI aims to become a major player in the decentralized finance (DeFi) space, competing with established protocols like Aave and Compound .#TRUMP

Just 21 million Bitcoin for all 8 billion of us.