XRP Price Surge: What’s Next After 17% Weekly Growth?
XRP has surged 17% in the past week and over 3% in the last 24 hours, nearing a market cap of $185 billion. Despite the growth, its trading volume has dropped 55%, highlighting mixed activity. Key indicators like RSI, whale movements, and EMA trends are crucial to predict the next direction for XRP in the market.
The RSI is neutral at 52.3, signaling consolidation. If it rises above 60 or drops below 40, a trend shift could occur. Whale activity has reached an all-time high, indicating increased accumulation, which may support price growth, signaling rising demand and long-term confidence.
XRP's EMA lines remain bullish, but consolidation is ongoing. If momentum resumes, resistance at $3.40 may be tested, while support levels at $2.82 and $2.32 could indicate a 26.8% drop. Monitoring these levels will be essential for understanding potential price movements and determining whether $XRP can sustain its upward trend.
Material prepared by the exchange: coytx.com
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