XRP price continues its upward trajectory, gaining nearly 10% in the last 24 hours. With a strong market cap of $181 billion and trading volume over $10 billion, signals remain bullish for future gains. Key technical indicators, including CMF and EMA lines, support the bullish sentiment, though maintaining critical support levels is crucial for sustained growth.
Despite a slight reduction in the number of large XRP holders, whale activity remains influential in price movements. The count has dropped to 299 from 305 but still reflects interest from major investors. This indicates long-term confidence in XRP's potential appreciation.
The CMF indicates heightened accumulation, reaching 0.19, showing strong buying pressure and capital inflows. This suggests a growing bullish sentiment among investors, potentially providing support for XRP's price advancement.
Technical analysis of XRP pricing predicts potential new all-time highs if a golden cross forms, possibly leading the price to test resistance levels at $3.28, $3.40, and potentially $3.50. However, if market dynamics shift negatively, critical support levels at $3.03 could see the price fall by up to 26.5% to $2.32.
