XRP’s price has dropped over 4% in the past seven days, signaling persistent weakness. Trading volume declined by 33% in the last 24 hours to $5.2 billion. Despite the sluggish momentum, the market hints at stabilization, supported by whale activity and technical indicators suggesting potential shifts ahead.

Whale addresses holding between 10 million and 100 million XRP have increased slightly, reaching 299 as of January 8, indicating cautious accumulation. However, without stronger buying momentum or improved market sentiment, XRP remains at risk of further corrections or extended consolidation.

XRP Whales Stay Cautious

The number of XRP whales, defined as addresses holding between 10 million and 100 million XRP, provides key insights into the market behavior of large investors. These whales often significantly impact price movements, as their accumulation or distribution can influence market sentiment and liquidity.

After reaching a month-low of 292 on December 18, the number of XRP whales recovered to 301 by December 25 but has since shown signs of stabilization with minor fluctuations.

As of this writing, the number of whales stood at 297. This steady activity suggests a cautious but growing interest among large investors, despite XRP being in a consolidation phase.

The gradual increase in whale addresses could signal renewed confidence in XRP, potentially laying a foundation for price stability or recovery in the near term. However, without stronger accumulation trends, the market may continue to see limited momentum in either direction.

XRP CMF Is Still Negative

The Chaikin Money Flow (CMF) for Go to Source to See Full Article
Author: Tiago Amaral

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