XRP Stuck Below $3 as Whale Numbers Dip

XRP Remains Stuck Below $3 as Whale Numbers Decline Slightly

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 RSI Is Currently Neutral, Recovering After Almost Touching Oversold Levels

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.

XRP Whales Are Still High, But Declining

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.

XRP Next Trend Direction Isn’t Clear Yet

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.