2 weeks ago
4
Key Takeaways
- XRP trades above the 50-day average.
- $1.16 remains the immediate breakout level.
- Large wallets added 2.8% in five weeks.
- Micro wallets cut holdings by 5.2%.
- Bearish moving-average alignment still limits confirmation.
Price is now compressed between that horizontal ceiling and a rising support line extending from the cycle low near $1.01. The resulting structure can be read as an ascending triangle with inverse head-and-shoulders characteristics, but neither interpretation is confirmed while XRP remains below the neckline.
The technical test is developing alongside a clear divergence in wallet behavior. Santiment data shows that wallets holding between 100,000 and 100 million XRP increased their combined holdings by 2.8% over five weeks. At the same time, micro wallets holding less than 0.01 XRP reduced their balances by 5.2%.
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