- XRP market capitalization reached $162 billion with a worth enhance of 11.64% in 24 hours.
- A large accumulation of wallets has pushed the value of XRP larger, including $3.8 billion since November.
- Technical indicators point out robust bullish momentum for XRP with rising RSI and MACD.
XRP has skyrocketed and its market cap has surpassed $155 billion. The token is at the moment buying and selling at $2.83, marking an 11.64% rise prior to now 24 hours.
This worth enhance was accompanied by a 9.22% enhance in buying and selling quantity, reaching $11.25 billion on the time of writing. This elevated exercise is indicative of rising investor curiosity in XRP and its resilience out there.
Investor accumulation accelerates XRP worth surge
It’s the giant pockets accumulation that’s driving the current worth hike of XRP. In response to Santiment, wallets holding between 1 million and 10 million XRP have seen a 37% enhance of their holdings since November 2024. This accumulation added $3.8 billion price of XRP to those portfolios, demonstrating rising investor confidence.
In response to information from CryptoQuant, XRP skilled a protracted interval of inactivity from mid-2022 to early 2024, and its worth remained secure. Throughout this era, the value of XRP and the variety of energetic accounts remained comparatively flat.
Supply: CryptoQuant
Nonetheless, the pattern began to alter in mid-2024 as the value of XRP began to rise. By late 2024, XRP exercise skyrocketed, and by early 2025, the value reached $2.60. This spike coincides with a rise in energetic accounts, indicating elevated investor participation.
Associated: About 60 billion XRP tokens are saved in 5 million wallets
Technical indicators that mirror bullish momentum
Technical evaluation helps the bullish pattern in XRP. The Relative Power Index (RSI) is at the moment at 74.18, above the overbought stage of 70. This means that XRP could also be overbought within the quick time period, however doesn’t essentially sign an upcoming reversal. The RSI can stay constructive for lengthy intervals of time throughout robust bullish tendencies.
Supply: TradingView
The MACD indicator confirms this short-term constructive momentum. The MACD with a price of 0.0727 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.
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