- XRP market cap reaches $162 billion with 11.64% value improve in 24 hours.
- A big accumulation of wallets is driving XRP value progress, including $3.8 billion since November.
- Technical indicators present robust bullish momentum for XRP with rising RSI and MACD.
XRP has skyrocketed to a market cap of over $155 billion. The token is at present buying and selling at $2.83, representing an 11.64% improve within the final 24 hours.
This value improve comes with a 9.22% improve in buying and selling quantity, which reached $11.25 billion on the time of writing. This elevated exercise exhibits rising investor curiosity in XRP and its resilience out there.
Investor Accumulation fuels XRP value improve
The big pockets accumulation is what prompted the worth of the newest XRP to rise. Based on Santiment, wallets holding between 1 million and 10 million XRP have elevated their holdings by 37% since November 2024. This accumulation has added $3.8 billion value of XRP to those portfolios, signaling rising investor confidence.
Knowledge from CryptoQuant exhibits that XRP skilled a protracted interval of low exercise and steady costs between mid-2022 and early 2024. Throughout this time, the worth of XRP and the variety of energetic accounts remained comparatively steady.
Supply: CryptoQuant
Nonetheless, the pattern began to alter in mid-2024 when the worth of XRP began to rise. In late 2024, XRP skilled a surge in exercise, with the worth reaching $2.60 in early 2025. This improve coincided with a rise in energetic accounts, indicating larger investor participation.
Associated: 5 million wallets maintain practically 60 billion XRP tokens
Technical indicators replicate bullish momentum
Technical evaluation helps the uptrend of XRP. The Relative Power Index (RSI) is at present at 74.18, crossing the overbought stage of 70. Whereas this means that XRP could also be overbought within the brief time period, it doesn’t essentially point out an upcoming reversal. The RSI can stay constructive for prolonged durations of time throughout robust bullish developments.
Supply: TradingView
The MACD indicator confirms this constructive short-term dynamics. At 0.0727, the MACD is in bullish territory. The MACD line is above the sign line and the histogram is rising, indicating sustained shopping for stress and upward momentum.
Associated: Whale Exercise Sparks Greed: XRP Hits 95, DOGE Follows at 93
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