Altcoins News
By Pankaj K
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Technical Breakdown: Key Levels to Watch
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Whales and Retail Investors Diverge. On-chain data highlights a stark contrast in investor behavior.
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Macro Pressure Ahead of Powell’s Speech. Markets are also bracing for macroeconomic cues as Federal Reserve Chair Jerome Powell prepares to…
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Ripple’s Regulatory Tailwind Not Enough?. Despite Ripple’s long-awaited legal victory over the SEC earlier this year — a resolution that…
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Outlook: More Pain or Relief Rally?. For now, the technicals point to a cautious outlook:
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XRP bulls are under pressure as the cryptocurrency slipped below the crucial $3.00 support level, extending a week-long downtrend that has shaken investor confidence.
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The decline intensified when XRP dropped beneath $2.920, eventually testing the $2.850 support area. At the time of writing, the token is consolidating losses below the 23.
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Immediate Resistance: $2.90 – any short-term recovery must clear this level to signal relief.
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Major Resistance: $2.920, followed by $3.00 where a bearish trend line caps gains.
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Upside Targets: If buyers break above $3.00, the next hurdles sit at $3.050 and $3.120.
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Critical Support: $2.850 remains the first line of defense. A break lower could expose $2.80 and $2.740.
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The 100-hourly Simple Moving Average (SMA) has flipped into resistance, adding to the bearish technical outlook.
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On-chain data highlights a stark contrast in investor behavior. Large holders — wallets with between 10M and 100M XRP — offloaded around 460 million tokens over the past week.
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Smaller whales, however, appear to be buying the dip. Wallets holding 1M–10M XRP collectively added about 130 million tokens, signaling that retail-aligned investors see…
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Still, with 93% of XRP’s circulating supply in profit since the post-election rally in late 2024, analysts warn that profit-taking could accelerate if bearish momentum continues.
The Currency Analytics
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