XRP Experiences Whale Sell-Off Amid Renewed ETF Optimism
Whale Selling Impact: XRP has faced significant downward pressure due to large holders selling nearly 200 million coins in just 48 hours, leading to a price drop below $2.30 in early November.
ETF Filings Boost Optimism: Multiple spot XRP ETF filings have sparked renewed interest in the market, drawing parallels to Bitcoin's pre-ETF rally and increasing institutional interest.
Market Behavior Shift: The combination of aggressive whale selling and rising ETF optimism creates a critical moment for XRP, as traders monitor the balance between these opposing forces.
Price Recovery Attempts: Despite the selling pressure, XRP recently reclaimed the $2.50 zone, with traders hopeful for a potential retest of $3 as volumes increase and institutional interest grows.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.518 | 0.817 | 1.155 | 1.455 | 1.793 | 2.092 | 2.43 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.455 | 1.698 | 1.849 | 2.092 |
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