The price of XRP has recorded a 1.52% increase, reaching $3.18, despite a sharp 35.95% decline in trading volumes. Data indicates that the cryptocurrency is maintaining stability due to whale activity.
Technical Signals and Prospects
Despite a 6.65% decline over the past week, technical indicators show that XRP is not at immediate risk of entering bearish territory. CoinMarketCap data indicates that XRP is positioned for a golden cross, which may suggest further gains. Analysts believe that if the current setup holds, the price could move towards $3.34. The Relative Strength Index (RSI) stands at 61.71, confirming stability in the trading range.
Trading Volume Decline
XRP's trading volume has dropped by 35.95% over the last 24 hours, settling at $6.26 billion. However, this drop in volume did not halt price momentum. Currently, XRP has gained 1.52%, reflecting growing investor interest.
Growth Amid Internal Activity
One of the main factors contributing to the steady price growth of XRP is significant activity from large holders. In the past 24 hours, whales purchased about 415 million XRP worth nearly $250 million, contributing to bullish sentiment in the market and sustaining the price level of the token. Over the past 30 days, XRP has seen an impressive 46.4% growth, indicating a positive outlook among market participants.
XRP continues to attract investor attention, showing price increases amid active participation from major players and overall interest in altcoins. Current technical indicators suggest that the cryptocurrency may continue its upward trajectory in the coming days.
