XRP Hits $20 Billion in Trading Volume, Market Cap Nears $190 Billion

XRP price has surged 39% in the last seven days, with its market cap nearing $190 billion and 24-hour trading volume reaching $20 billion. The market shows strong signals of activity, with whale addresses holding 10 to 100 million XRP remaining at elevated levels, reflecting confidence among major holders.

Meanwhile, the Chaikin Money Flow (CMF) has returned to positive territory at 0.11, indicating moderate accumulation after a brief dip. With bullish EMA lines and strong momentum, XRP could test new all-time highs, but key support levels must hold to avoid a potential sharp correction.

XRP Whale Addresses Remain at Elevated Levels

The number of XRP whales — addresses holding between 10 million and 100 million XRP — reached 302 on January 17, marking one of the highest levels in its history. While this figure has slightly decreased to 301, it remains at an elevated level, indicating continued confidence among large holders.

Tracking these whales is critical because their actions can significantly influence market trends. Their buying or selling decisions often signal shifts in sentiment or anticipated price movements.

Wallets Holding Between 10 Million and 100 Million XRP. Source: Santiment

A level of 301 whale addresses is notably high, showing the strong interest and accumulation by major players in the XRP market. This elevated number suggests that these large holders may be positioning themselves for potential price gains, reflecting long-term optimism.

If these whales continue to hold or accumulate further, they could stabilize and support XRP’s price, reducing the likelihood of sharp declines and potentially paving the way for sustained upward momentum.

XRP CMF Is Positive After Briefly Reaching -0.05

XRP Chaikin Money Flow (CMF) is currently at 0.11, rebounding from a recent dip to -0.05 just a day ago. This follows a nine-day streak of positive CMF readings, which peaked at 0.33 when XRP price hit a new all-time high.

The CMF measures the flow of money into and out of an asset, with positive values indicating accumulation and negative values signaling distribution.

XRP CMF. Source: TradingView

At 0.11, the positive CMF suggests that buyers still have an edge, although the momentum has weakened compared to its recent peak. This level indicates moderate accumulation, which could provide support for XRP price in the short term.

If the CMF remains positive or strengthens, it could signal renewed bullish activity, while a return to negative territory might point to selling pressure and potential price declines.

XRP Price Prediction: New All-Time High Soon?

XRP EMA lines currently display a bullish setup, with short-term lines positioned above long-term ones, signaling upward momentum. If this positive trend strengthens further, XRP price could rise to test levels above $3.40, potentially setting new all-time highs.

XRP Price Analysis. Source: TradingView

However, if the trend reverses, XRP could face a sharp correction, with its closest strong support at $2.60. A break below this level could push XRP price down to $2.32, and if further selling pressure emerges, the price might fall to $1.99, marking its lowest level since December 2024.