The number of whales with 10 million to 100 million XRP fell, reaching a low of 296 units since December 24, affecting possible market confidence. Decreasing whale activity underscores a bearish stance among significant investors, making it difficult for XRP to regain upward momentum if whale accumulation stays low.
XRP’s Chaikin Money FLOW (CMF) was positive at 0.28, revealing ongoing buying pressure. However, a recent peak of 0.33 experienced a slight cooling, reflecting possible investor uncertainty. The upcoming price Movement will hinge on whether XRP breaks its $2.53 resistance or succumbs to a bearish slide below $2.33.
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