XRP has been consolidating, with a modest 2.2% rise over the last 30 days. Despite a golden cross formation indicating potential bullish momentum, the lack of whale accumulation could hinder price gains.
The Chaikin Money Flow indicator remains positive, suggesting persistent buying pressure, though slightly decreased from its peak. XRP’s future price direction relies on breaking its $2.53 resistance or succumbing to bearish forces near $2.33 support.
Whale activity significantly impacts XRP's market movements, as large holders' accumulation boosts confidence and prices. However, the recent decline in whale numbers suggests a bearish outlook among major investors, which might limit XRP's upward momentum unless their activity shifts back to accumulation.
XRP CMF has maintained a positive stance since January, indicating capital inflows and investor interest. Although CMF values have dipped recently, they remain positive, suggesting continued price stability if the declining trend doesn’t persist.
The potential for a 19.6% correction looms if XRP falls below $2.33 support, potentially dropping further toward $1.96. On the upside, breaking above $2.53 resistance could lead to a 10.6% gain, targeting $2.72.
