Whale activity remains subdued
XRP experienced a short-lived surge in network activity after the SEC lawsuit dismissal, but large investors seem hesitant to engage.
Santiment’s on-chain data shows a notable increase in whale transactions from the 19th to the 20th of March, aligned with the market’s initial response to the lawsuit resolution.
However, whale activity has since declined. The absence of consistent large transactions indicates that major investors are neither accumulating nor offloading XRP significantly.
Source: Santiment
After the 21st of March, whale transactions became sporadic, with no clear trend of accumulation or distribution. While occasional spikes occurred, they did not indicate any decisive movement from large holders.
Despite fluctuations in XRP’s price, the absence of increased whale activity signals hesitation, reinforcing the notion that the post-lawsuit rally was more of a short-term reaction than a catalyst for sustained momentum.
XRP struggles to gain momentum amid resistance
XRP was trading at $2.4387, at press time, down 0.47%, as its post-lawsuit rally loses steam. The RSI sat at 54.71, signaling neutral momentum, with buying pressure failing to push it above 60.
The MACD line remained slightly above the signal line, suggesting weak bullish momentum, though a bearish crossover could emerge if price action softens.
Source: TradingView
XRP faces resistance at $2.60, a level it has struggled to breach. Meanwhile, support lies between $2.20 and $2.30 – a break below could invite further downside.
The price remains range-bound, with neither bulls nor bears taking control. A decisive move above $2.60 could reignite upside momentum, while failure to hold $2.30 may signal further weakness in the coming days.
