XRP price continues to show strong momentum after reaching new all-time highs in mid-January. The token is up nearly 10% in the last 24 hours, with its market cap standing at $181 billion and trading volume exceeding $10 billion.
Despite a slight dip in whale activity, the number of large XRP holders remains at historically high levels, signaling sustained interest. Key technical indicators, such as CMF and EMA lines, suggest a potential for further upside, though critical support levels will be crucial in determining XRP’s next move.
XRP Whales Are Down from Peak Levels
XRP whale addresses—those holding between 10 million and 100 million XRP—reached 305 on January 23 and 24, marking one of the highest levels ever recorded.
Since then, the number has slightly declined to 299, but it remains elevated, indicating sustained interest from large holders despite the recent dip.
Tracking whale activity is critical because these large holders often have the power to influence price movements through their buying and selling actions.
The current count of 299 suggests that while some whales may have reduced their holdings, overall confidence among major investors remains strong. This elevated level could support XRP price, as consistent accumulation by whales often signals long-term bullish sentiment.
XRP CMF Indicates Increased Accumulation
XRP’s Chaikin Money Flow (CMF) has risen to 0.19 from 0.08 just a day ago, indicating increased capital inflows and stronger buying pressure. This suggests that investors are accumulating XRP, a potential sign of bullish sentiment building in the market.
Author: Tiago Amaral
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