XRP’s price has dropped over 4% in the past seven days, signaling persistent weakness. Trading volume declined by 33% in the last 24 hours to $5.2 billion. Despite the sluggish momentum, the market hints at stabilization, supported by whale activity and technical indicators suggesting potential shifts ahead.

Whale addresses holding between 10 million and 100 million XRP have increased slightly, reaching 299 as of January 8, indicating cautious accumulation. However, without stronger buying momentum or improved market sentiment, XRP remains at risk of further corrections or extended consolidation.

XRP Whales Stay Cautious

The number of XRP whales, defined as addresses holding between 10 million and 100 million XRP, provides key insights into the market behavior of large investors. These whales often significantly impact price movements, as their accumulation or distribution can influence market sentiment and liquidity.

After reaching a month-low of 292 on December 18, the number of XRP whales recovered to 301 by December 25 but has since shown signs of stabilization with minor fluctuations.

As of this writing, the number of whales stood at 297. This steady activity suggests a cautious but growing interest among large investors, despite XRP being in a consolidation phase.

The gradual increase in whale addresses could signal renewed confidence in XRP, potentially laying a foundation for price stability or recovery in the near term. However, without stronger accumulation trends, the market may continue to see limited momentum in either direction.

XRP CMF Is Still Negative

The Chaikin Money Flow (CMF) for XRP is currently at -0.07, recovering from its recent low of -0.24 on January 7. The CMF is a technical indicator that measures the flow of capital into or out of an asset, using price and volume data over a specific period.

Values above 0 indicate net buying pressure, signaling bullish sentiment, while negative values reflect net selling pressure and bearish sentiment.

At -0.07, XRP’s CMF remains in negative territory, suggesting that selling pressure still outweighs buying activity. However, the upward movement from -0.24 indicates that the intensity of selling has decreased, potentially signaling stabilization or a shift toward more balanced market conditions.

If the CMF continues to recover and moves into positive territory, it could indicate renewed buying interest and support a potential price rebound. Conversely, if the indicator trends downward again, XRP may face additional downward pressure.

XRP Price Prediction: Resistance at $2.35 Is Fundamental

XRP’s EMA lines currently suggest uncertainty, with no clear directional signal emerging. This indecision highlights a balanced market environment, where both bullish and bearish outcomes remain possible, as shown by whale metrics and CMF.

If an uptrend develops and XRP price manages to break the resistance at $2.35, it could set the stage for further gains. A continuation of bullish momentum might push the price toward $2.53 and even $2.72, offering a potential 17.6% upside.

Conversely, a downtrend could lead to XRP price testing support at $2.13. Should this level fail to hold, the price may experience additional downside pressure, potentially dropping to $1.96, its lowest level since mid-December.