28.01.2025 20:40
Although the recent decline in the crypto market has caused investors to pull back, attention has turned to the whale activity in XRP. The token, which recently reached an all-time high, is believed to have new upward potential. By examining technical indicators, we provide XRP price predictions and details in our news article...
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The cryptocurrency markets have overcome the selling pressure that emerged with the launch of DeepSeek, an innovative artificial intelligence model. While most cryptocurrencies faced a significant wave of selling, the artificial intelligence sector was hit hard by this situation. However, after XRP's price fell below $2.7, it quickly regained all its losses and is preparing for a new rise. Currently, XRP has reached $3.15 with an increase of about 10%. Interestingly, despite the trading volume dropping by more than 18%, the price is rising, indicating that the bears are inactive.
XRP's price continues to trade within a positive formation that maintains its upward potential, signaling that a breakout may occur soon.
XRP Price Analysis
The significant whale movements recorded in the last few hours may herald an upcoming rise. During the recent wave of selling, whales accumulated millions of XRP and kept these tokens in motion. According to data shared by popular analyst ALI, whales purchased approximately 120 million XRP during the last drop.
The whales' bold move towards XRP during this decline helped the price to rise again and prevented further losses. In another update, according to information shared by Brett, approximately 25 million XRP was purchased from the Upbit exchange and transferred to an unknown wallet. This move is considered a bullish sign for the cryptocurrency and indicates that XRP is approaching a critical resistance level.
Technical Indicators Signal Strong Upsurge for XRP
Market participants bought XRP when it fell below the 0.786 FIB level of $2.77, allowing the price to recover quickly. Currently, XRP is consolidating in a narrow range, and technical indicators are signaling a strong upward movement. MACD and DMI levels are ready for a bullish crossover, suggesting that a rapid rise may be imminent.
Meanwhile, ADX is hovering at low levels, and the bulls are currently in an accumulation phase. Additionally, the On-Balance Volume is continuing to rise without signaling any pullback. The Chaikin Money Flow indicator is well above zero, indicating significant strength in the bullish rally.
In light of all this data, XRP is expected to break above the 1 FIB level and set a new all-time high (ATH), reaching the 1.2 FIB level of $4.18.
Note: None of the statements in this news article constitute investment advice. The responsibility for trading decisions lies entirely with the investor.
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