Ripple's XRP Faces Whales Accumulation Amid Technical Indicator Warnings

Ripple's XRP Faces Whales Accumulation Amid Technical Indicator Warnings

Elena Rossi
1 min read

Ripple's XRP Faces Whales Accumulation Amid Technical Indicator Warnings

In recent months, Ripple's XRP has experienced a notable increase in whale accumulation, with over 1 million XRP addresses rising by 2% to reach 2,010. However, technical indicators suggest a potential short-term price decline. The Elder-Ray Index has shown negative values since April, indicating stronger selling pressure, and XRP's Moving Average Convergence/Divergence (MACD) indicator has turned bearish. The technical outlook forecasts a possible decline to $0.41, but increased demand could stabilize the price at $0.55.

Key Takeaways

  • XRP whale addresses holding over 1 million tokens increased by 2% in the last three months, reaching 2010 addresses.
  • The daily transaction volume for XRP showed a profit-to-loss ratio of 1.14, indicating more profitable transactions than losses.
  • Despite whale accumulation, XRP's Elder-Ray Index has shown negative values since April 8, signaling stronger bearish pressure.
  • XRP's MACD indicator displayed a bearish crossover, suggesting a short-term downward price trend.
  • If current trends persist, XRP could drop to $0.41; however, increased demand might push it to $0.55.


The recent surge in XRP whale accumulation, contradicted by technical indicators signaling a potential price decline, highlights a divergence between investor sentiment and market signals. The bearish technical indicators indicate increased selling pressure, potentially leading to a short-term price drop to $0.41. However, continued accumulation by large holders indicates confidence in XRP's long-term prospects, potentially stabilizing the price at $0.55 if demand increases. This scenario could impact both short-term traders and long-term investors, whose positions and strategies will be significantly influenced.

Did You Know?

  • Elder-Ray Index: A technical analysis tool used in the financial markets to gauge the strength of the bulls and bears. Negative values indicate stronger bearish pressure, suggesting dominant selling forces in the market.
  • Moving Average Convergence/Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. A bearish crossover occurs when the MACD turns down and crosses below the signal line, indicating a potential downward trend.
  • Whale Accumulation: Refers to the process where large holders increase their cryptocurrency holdings over time, impacting the market significantly. An increase in the number of addresses holding over 1 million units of a cryptocurrency can be seen as a bullish signal, though it does not guarantee future price increases.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings