XRP has been consolidating after a strong rally, with whale activity stabilizing. Large holders now control wallets with 10-100 million XRP, signaling renewed accumulation. This stability suggests a pause in price fluctuations, possibly setting the stage for future growth or declines, depending on market trends.
Despite this potential, the Chaikin Money Flow (CMF) has turned slightly negative at -0.07, highlighting mild selling pressure. This change suggests that while buying activity has receded, it isn't dominant enough to predict a sharp price downturn.
Currently, XRP price is hovering around essential support at $2.13 but hasn't embarked on a clear upward trend. Analysts predict that, if momentum builds, the price could challenge resistance at $2.33, with further targets at $2.53 and $2.64.
Whale activity continues to be a crucial factor. If large holders persist with their trades, XRP could see a foundation for a bullish sentiment. If their holdings drop, it could foreshadow caution or sell-offs, influencing the token's trajectory.
