XRP has shown impressive growth with a 17% surge over the past week and a current market cap nearing $185 billion. Despite this, trading volume has dropped 55% in the past 24 hours.
The Relative Strength Index (RSI) for XRP remains neutral at 52.3, indicating a consolidation phase. Notably, the number of XRP whales, holding between 1 million and 10 million XRP, has reached a record high of 2,083. This suggests heightened interest and potential market influence.
With exponential moving averages (EMA) indicating bullish tendencies, XRP may test resistance at $3.40 if upward trends continue. However, reversal risks exist with key support levels at $2.82 and potentially $2.32.
