$XRP 24 hours slight drop of less than 1%, the fluctuation is quite small. Today, the highest surged to 2.048 USD, the lowest dropped to 1.97 USD, and the 24-hour trading volume is approximately 94 million USD, with a market capitalization of over 120 billion USD, ranking 4th in cryptocurrency.
The movements of the whales are quite interesting: although the price is swaying at a low level, big funds are not idle. Over the past few days, more than 33 million XRP were sold off by medium-sized whales, which were all picked up by larger whales (holding 10 million - 100 million coins) who bought a total of 350 million coins worth over 700 million USD, clearly taking advantage of the low prices to accumulate. Moreover, in the past 30 days, the total net inflow of whales has reached 2.4 billion USD, and the balance of XRP on exchanges has also hit a new low since 2023, with all chips held tightly by long-term holders.
Key points to watch closely: the resistance level is still stuck at 2.09-2.10 USD, and previous attempts to break through have been met with selling pressure; here the selling pressure is particularly heavy; the support level is at the psychological threshold of 2.00 USD, and if it falls below that, it may pull back to 1.95 USD. Currently, the overall situation is a narrow range of fluctuations, with no clear direction.
Other developments: XRP's ETF capital flow is quite strong, with a net inflow of over 170 million USD this week, and no capital has flowed out for a whole week, providing support for the price. However, network activity is a bit weak, with active addresses dropping to a three-month low, lacking the momentum for a significant rise in the short term, waiting for the upper selling pressure to be digested.