XRP Recovers 8% in 12 Hours Despite Whale Decline
The Most Important Points at a Glance
The XRP price has risen by 8% within 12 hours after previously falling due to declining whale activity. Despite the decrease in large investors, the recovery shows that other factors also influence the price. Market sentiment and trading volume play a crucial role.
Decline in Whale Activity and Price Loss
On-chain data shows that large investors, known as whales, play a key role in XRP’s price development. In the past, massive purchases by investors holding between 100 million and 1 billion XRP led to a price increase. However, when this accumulation slowed down, the price dropped by more than 15% to a low of $2.04.
This decline highlights how strongly institutional investors influence the price. However, a trend reversal is now emerging: within the last 12 hours, the price has recovered, indicating that new buyers have entered the market.
Recovery Within 12 Hours – A Sign of Strength?
Despite the decline in whale activity, XRP managed to recover and was recently trading at $2.21. This suggests that not only large investors but also other market participants are supporting the price. Recent data shows that some whales are accumulating XRP again, although not to the same extent as during previous price increases.
Technical indicators confirm this development. The Relative Strength Index (RSI), an indicator of market strength, is recovering from oversold levels, indicating increased buying interest. Additionally, the 50-day and 200-day moving averages suggest that the overall upward trend remains intact.
What Factors Influence the XRP Price?
Although whales play an important role, other factors also influence the XRP price:
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- Market Sentiment: After a period of high volatility, the crypto market is stabilizing, which benefits XRP.
- Trading Volume: An increase in volume indicates that both retail and institutional investors are becoming more active again.
- Support Level: The price remains above $2.10, suggesting strong buying interest.
- Fundamental Developments: Positive news regarding XRP technology or the use of the XRP Ledger could build further confidence.
Can XRP Continue Its Recovery?
The recent recovery shows that the XRP price is not solely dependent on whales. Trading volume, market sentiment, and technical factors also play a role. If XRP stays above $2.10 and large investors return, further price increases could be possible. However, if whale activity remains low, the recovery could stall.
The coming days will be crucial: Can XRP maintain its momentum, or is another correction looming?
Our Assessment
XRP is showing short-term strength, but its dependence on large investors remains a risk. The 12-hour recovery is a positive signal, but sustained stability requires continued buying interest. Investors should closely monitor market sentiment and whale activity to make informed decisions.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.15 |
| 24h % | 0.75 % |
| 7d % | -16.87 % |
| 30d % | -31.00 % |
| 60d % | 1.84 % |
| 1y % | 265.47 % |
| Official Links | Website |
| Socials | X |
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