Over the past seven days, the price of XRP has increased by 14%, but entered the consolidation phase, consistently bargaining from $ 2.34 to $ 2.46 over the past six days. This period of movement associated with the range reflects balanced market moods, and neither bulls nor bears are taken under control.
The number of XRP kits conducting from 10 to 100 million coins also remains stable since the end of December, which further supports the conditions of the neutral market. However, if the bull impulse intensifies, XRP can break out and aim at significant growth levels, moreover, $ 2.72 and $ 2.9 as potential next steps.
XRP RSI is currently neutral
The XRP (RSI) relative force is currently 55.7, which reflects the period of moderate market impulse. RSI is a technical indicator that measures the speed and value of price changes on a scale from 0 to 100, helping the traders determine whether the asset is diluted or resold.
The values above 70 usually indicate the conditions of bite and potential for the rollback, while the values below 30 are suggested by the conditions of conditions and potential for the rebound of the price. The RSI XRP, located in the neutral zone from January 3, indicates a balanced pressure of purchase and sale.
At its current level, XRP RSI offers consolidation, neither bulls nor the bear dominate the market.
In order for the ascending impulse to resume, RSI will need to rise closer to the overwhelming area, reflecting a stronger purchase. And vice versa, if RSI begins to fall, this can signal the weakening of feelings and potential for a small rollback.
XRP Kits have been stable since the end of December 2024
The number of XRP whales conducting from 10 to 100 million coins has recently shown significant fluctuations. After they reached a month of 305, the account decreased sharply by December 292.
Since then, it has recovered a little and stabilized about 298, maintaining this level since December 27. The monitoring of the activity of the whale is crucial, since these large holders can significantly affect market trends through their decisions on purchase or sale.
Stabilization in the number of whales over the past two weeks implies a period of market consolidation. This may indicate that large investors do not aggressively accumulate and do not unload their assets, reflecting a neutral mood.
For XRP, this stability can mean limited volatility in the short term, since the absence of large -scale movements using whales helps maintain price stability. Nevertheless, a new increase or decrease in the activity of a whale can signal the beginning of a new trend.
XRP price forecast: Can it grow by 20%?
The price of the XRP is consolidated over the past six days, trading in a narrow range between a resistance of $ 2.53 and a support of $ 2.33. This price behavior reflects the lack of a clear impulse, and the market expects a decisive step.
If support of $ 2.33 is checked and will not be able to hold, the XRP may face a further drawback, potentially decreasing to $ 2.96 and $ 1.96 as the following key levels.
EMA lines for XRP indicate uncertainty, without a clear directional signal at present. However, if the bull impulse returns, the price of XRP can check the resistance of $ 2.53.
A successful breakthrough above this level can cause further results aimed at $ 2.72 and, possibly, $ 2.90, which represents a potential growth of 20.3%. The result will depend on whether buyers or sellers receive in the coming days.
