XRP Prepares for a Solo Bull Run Amid a Market Crash as Whales Quietly Accumulate Here
XRP Prepares for a Solo Bull Run Amid a Market Crash as Whales Quietly Accumulate Here
As major cryptocurrencies, including Bitcoin (BTC), plunge in tandem and fear spreads across the broader market, XRP is flashing a strong bottoming signal after passing through an extreme oversold zone.
According to cryptocurrency-focused outlet BeInCrypto on February 6 (local time), XRP has been holding support in the $1.46 to $1.50 range amid the recent downturn, consolidating energy for a technical rebound. Market analysts note that the current falling wedge pattern, formed after prices retreated sharply from their peak, is a classic bullish reversal signal indicating weakening downward pressure. In contrast to the sharply deteriorating investor sentiment toward Bitcoin and Ethereum (ETH), market interest in XRP is shifting in a positive direction, showing a differentiated trend.
Technical indicators clearly show that selling pressure has reached a critical level. The 14-day Relative Strength Index (RSI) has dropped to 27.077, entering a deeply oversold condition that matches levels seen at the start of past major rebounds. While the Moving Average Convergence Divergence (MACD) remains in bearish territory, a bullish divergence—where indicator lows rise despite falling prices—has been identified, reinforcing the view that the downtrend is nearing its end.
On-chain data also point to notable moves by large investors. The Chaikin Money Flow indicator is trending upward despite falling prices, suggesting stealth accumulation by institutional investors. So-called whale wallets holding more than one billion XRP are steadily stockpiling assets amid market fear, indicating the continued presence of players betting on long-term value appreciation rather than short-term price swings. Data analytics platform Santiment described the rising share of whale holdings while retail investors capitulate as a textbook bottom-formation process.
The success of future portfolio strategies will hinge on whether key support levels hold and resistance levels are broken. The $1.46 level is a critical last line of defense; if it fails, downward pressure could intensify toward $1.24, underscoring the need for strict risk management. Conversely, for buyers to retake control, XRP must break above the $1.97 resistance with accompanying volume. If that level is firmly established, a strong rally extending beyond $2.10 toward $2.41 becomes increasingly likely.
The current XRP market reflects a transfer of holdings in which whales absorb stop-loss selling from fear-stricken retail investors. Rather than reacting to short-term volatility, it may be advantageous to construct a staggered buying strategy by carefully assessing bottom signals indicated by technical indicators and on-chain data. While macro conditions remain unstable, including Bitcoin’s ability to hold the $70,000 level, XRP’s independent momentum and institutional accumulation trends are expected to be key factors enhancing the asset’s resilience amid a downturn.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on it. The content should be interpreted strictly for informational purposes.*
<저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
  많이 본 기사
English 많이 본 기사
|
