Over the past seven days, the price of the XRP is moving sideways, reflecting market indecision. Despite the fact that over the past 30 days it has still decreased by almost 15%, its relative strength (RSI) is currently neutral at 55.1, demonstrating a balanced impulse after recovery from the near level.
Meanwhile, the addresses of X -ray whales have recently been reduced, which indicates caution among large holders. However, the numbers remain historically high, which indicates constant interest. XRP can either challenge resistance at $ 2.83, or test critical support of $ 2.52 if they increase pressure.
XRP RSI is currently neutral, recovering after an almost touching level
The XRP (RSI) relative force index is currently 55.1, compared to recent peak 62 two days ago, but significantly from 33.2 just three days ago.
This shows that the purchase of an impulse has increased over the past few days, which pushes the XRP RSI higher after almost reaching the resold territory. Nevertheless, the fall with 62 suggests that the purchase pressure is slightly cooled, and the XRP is now in the neutral zone.
This level indicates a balanced impulse, leaving the direction of the price uncertain in the short term.
RSI is a pulse generator that varies from 0 to 100, measuring the speed and change in prices. As a rule, the RSI is above 70 is considered overdue, signaling the potential refusal, while RSI is below 30 is considered to be reserving, which implies the possible possibility of buying.
With RSI XRP to 55.1, it is higher than the neutral 50th mark, showing a little more pressure for the purchase than the pressure of the sale. This may indicate cautious bull feelings, with the possibility of XRP to continue its increase in movement if the purchase of interest remains strong.
And vice versa, if the RSI begins to decline below 50, this can signal the weakening of the pulse and a possible rollback of prices.
XRP -kits are still high, but decrease
The addresses of X -ray whales passing from 1 to 10 million XRP have reached a maximum at the level of 2137 on February 3, but since then they are reduced, now by 2117.
This steady fall suggests that some large holders reduce their positions, which may indicate caution or benefit. Despite this decrease, the number of whales remains higher than on average, demonstrating constant interest from large investors.
The monitoring of the addresses of the whale is important because they can significantly affect prices. A decrease in the number of whales can indicate the pressure on the sale, which can lead to the fact that the price is XRP.
However, since the current number of whales is still historically high, this suggests that significant capital remains invested, which potentially maintains the price if purchased interest has increased again.
XRP The next direction of the trend is still unclear
The price of x -rays moves to the side of the last week, and its exponential sliding medium lines (EMA) were grouped together.
This indicates the absence of a clear impulse, suggesting market indecision and low volatility. This shows that the purchase and sale of pressure is balanced, which is unclear whether the upward trend or descending trend will follow.
If the ascending trend develops, XRP can first check the resistance of $ 2.83, and the violation is higher, this can lead to targets of $ 3.15 or even $ 3.28, which is the highest level from the end of January.
And vice versa, if a descending trend appears, support of $ 2.52 is crucial. A break below this level can lead to a fall of up to $ 2.33, and if the sale pressure continues, it can fall only $ 1.77.
