XRP price has been moving sideways over the past seven days, reflecting market indecision. Although it is still down almost 15% in the last 30 days, its Relative Strength Index (RSI) is currently neutral at 55.1, showing balanced momentum after recovering from near-oversold levels.

Meanwhile, XRP whale addresses have been declining recently, suggesting caution among large holders. Yet, the numbers remain historically high, indicating continued interest. XRP could either challenge resistance at $2.83 or test critical support at $2.52 if selling pressure intensifies.

XRP’s Relative Strength Index (RSI) is currently at 55.1, down from a recent peak of 62 two days ago but up significantly from 33.2 just three days ago.

This shows that buying momentum has increased over the past few days, pushing XRP RSI higher after almost reaching oversold territory. However, the drop from 62 suggests that the buying pressure is cooling off slightly, with XRP now in a neutral zone.

This level indicates balanced momentum, leaving the price direction uncertain in the short term.

RSI is a momentum oscillator that ranges from 0 to 100, measuring the speed and change of price movements. Typically, an RSI above 70 is considered overbought, signaling a potential pullback, while an RSI below 30 is considered oversold, suggesting a possible buying opportunity.

With XRP’s RSI at 55.1, it is above the neutral 50 mark, showing slightly more buying pressure than selling pressure. This could indicate a cautious bullish sentiment, with the potential for XRP to continue its upward movement if buying interest remains strong.

Conversely, if the RSI starts to decline below 50, it could signal weakening momentum and a possible price pullback.

XRP whale addresses, holding between 1 million and 10 million XRP, peaked at 2,137 on February 3 but have been declining since then, now at 2,117.

This steady drop suggests some large holders are reducing their positions, which could indicate caution or profit-taking. Despite this decline, the number of whales remains higher than historical averages, showing continued interest from big investors.

Tracking whale addresses is important because they can significantly influence price movements. A decline in whale numbers can indicate selling pressure, which may weigh on XRP price.

However, since the current number of whales is still historically high, it suggests that substantial capital remains invested, potentially supporting the price if buying interest picks up again.

XRP price has been moving sideways over the past week, with its Exponential Moving Average (EMA) lines clustered closely together.

This indicates a lack of clear momentum, suggesting market indecision and low volatility. It shows that buying and selling pressures are balanced, making it unclear whether an uptrend or downtrend will follow.

If an uptrend develops, XRP could first test the resistance at $2.83, and breaking above it could lead to targets at $3.15 or even $3.28, its highest levels since the end of January.

Conversely, if a downtrend emerges, the support at $2.52 is crucial. A break below this level could lead to a drop to $2.33, and if selling pressure continues, it could fall as low as $1.77.

The post XRP Remains Stuck Below $3 as Whale Numbers Decline Slightly appeared first on BeInCrypto.

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