XRP has seen a 6% drop over the week but rebounded by 3% in the last 24 hours, hinting at possible stabilization. The RSI at 46.5, moving from an oversold 30, shows easing selling pressure, evoking cautious market sentiments.
XRP's current trading range lies between a $2.13 resistance and $1.96 support. Breaking the $2.13 resistance could lead to upward momentum, targeting $2.33 or possibly $2.53. However, a potential death cross on its EMA lines advises caution.
Despite slight fluctuations, whale activity remains stable, reflecting neutral sentiment. With XRP whales holding 10 million to 100 million XRP stabilizing around 298 to 299, major investors aren't aggressively buying or selling, suggesting XRP’s range-bound movement and minimal volatility.
