XRP Consolidates After 14% Surge as Whale Activity Holds Steady

XRP price is up 14% in the last seven days but has entered a consolidation phase, consistently trading between $2.34 and $2.46 for the past six days. This period of range-bound movement reflects balanced market sentiment, with neither bulls nor bears taking control.

The number of XRP whales holding between 10 million and 100 million coins has also remained stable since late December, further supporting the neutral market conditions. However, if bullish momentum strengthens, XRP could break out and target significant upside levels, with $2.72 and $2.9 as potential next steps.

XRP RSI Is Currently Neutral

XRP Relative Strength Index (RSI) currently stands at 55.7, reflecting a period of moderate market momentum. RSI is a technical indicator that measures the speed and magnitude of price changes on a scale from 0 to 100, helping traders identify whether an asset is overbought or oversold.

Values above 70 typically indicate overbought conditions and potential for a pullback, while values below 30 suggest oversold conditions and potential for a price rebound. XRP’s RSI, being in the neutral zone since January 3, indicates balanced buying and selling pressures.

XRP RSI. Source: TradingView

At its current level, XRP RSI suggests consolidation, with neither bulls nor bears dominating the market.

For upward momentum to resume, the RSI would need to climb closer to the overbought zone, reflecting stronger buying activity. Conversely, if the RSI begins to dip, it could signal weakening sentiment and the potential for a slight pullback.