Recent whale activity and a sell signal from the TD Sequential indicator point to continued downward pressure on XRP’s price in the short term. However, its RSI is edging towards the bullish zone of 30, indicating potential for a price surge. 💰 📈
Ripple’s native token has been among the hardest hit during recent market downturns, dropping from $2.07 to its current value of $2.26 after a significant crash on February 25th.
While whales have sold over 370 million XRP in the last 96 hours, potentially creating more supply and dampening demand, the potential for upside exists. Ali Martinez, known for his insights into cryptocurrency markets, has observed that this recent activity signals a bearish outlook on the short term. His analysis of the TD Sequential indicator points to potential price correction.
On a positive note, XRP’s Relative Strength Index (RSI) is showing signs of approaching the 30-level, indicating it may be oversold and due for a bullish surge. A RSI reading above 70 would suggest a bearish trend, but anything below that level can point to a potential price increase.
Meanwhile, the long-awaited approval of XRP spot ETFs in the United States continues to hold promise. Companies like Grayscale, Bitwise, and 21Shares have expressed their intent to launch such products, and the US SEC has acknowledged their applications.
If approved, this would allow investors to gain exposure to XRP without managing digital wallets or exchanges, potentially attracting more buyers and benefiting the price in the long term. The approval odds for XRP spot ETFs are estimated to be around 72% before the end of 2025 according to Polymarket.
This article provides an overview of the current situation surrounding Ripple’s native token, XRP, focusing on the recent whale activity, technical indicators, and potential future developments.