XRP price has surged 39% in the last seven days, with its market cap nearing $190 billion and 24-hour trading volume reaching $20 billion. The market shows strong signals of activity, with whale addresses holding 10 to 100 million XRP remaining at elevated levels, reflecting confidence among major holders.
Meanwhile, the Chaikin Money Flow (CMF) has returned to positive territory at 0.11, indicating moderate accumulation after a brief dip. With bullish EMA lines and strong momentum, XRP could test new all-time highs, but key support levels must hold to avoid a potential sharp correction.
XRP Whale Addresses Remain at Elevated Levels
The number of XRP whales — addresses holding between 10 million and 100 million XRP — reached 302 on January 17, marking one of the highest levels in its history. While this figure has slightly decreased to 301, it remains at an elevated level, indicating continued confidence among large holders.
Tracking these whales is critical because their actions can significantly influence market trends. Their buying or selling decisions often signal shifts in sentiment or anticipated price movements.
A level of 301 whale addresses is notably high, showing the strong interest and accumulation by major players in the XRP market. This elevated number suggests that these large holders may be positioning themselves for potential price gains, reflecting long-term optimism.
If these whales continue to hold or accumulate further, they could stabilize and support XRP’s price, reducing the likelihood of sharp declines and potentially paving the way for sustained upward momentum.
XRP CMF Is Positive After Briefly Reaching -0.05
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Author: Tiago Amaral
