Ripple (XRP) Holds Steady Above $3.00
Ripple (XRP) stayed above $3.00 on Friday after two days of gains. The price rose from September lows near $2.70. Whales, retail buyers, and optimism around the “Uptober” trend helped the rally. A daily close above $3.00 could boost XRP’s chances of reaching its July high of $3.66.
XRP Whales Increase Holdings
Large XRP holders have been buying more tokens this week. Data from Santiment shows wallets holding 10 million to 100 million XRP rose to 12.27% of the total supply. This is up from 12.06% on September 25. Whales holding 100 million to 1 billion XRP also increased their share to 14.6% from 13.85% since Monday.
More whale buying often signals confidence in a price rise or the ecosystem.
On-chain activity is also growing. The number of daily active XRP addresses rose to about 49,000 on Thursday from 37,000 on Sunday. Higher network use usually means more demand and can push prices up.
Retail interest in XRP futures is rising too. Open Interest (OI) in XRP futures climbed from $7.35 billion in early September to $8.47 billion on Friday. A steady OI shows strong trader commitment to XRP’s short-term uptrend.
Technical Outlook: XRP Shows Bullish Signs
XRP remains above key support at $3.00 and a descending trendline. The MACD indicator gave a buy signal on Thursday, supporting a bullish view. If the MACD line stays above the signal line, traders may buy more XRP.
The Relative Strength Index (RSI) is stable at 57 after rising from a bearish level. A higher RSI near overbought levels suggests stronger bullish momentum.
Important price levels to watch include:
- Short-term resistance at $3.18
- Medium-term resistance at $3.38
- All-time high at $3.66
If XRP falls below $3.00, support levels to watch are the 50-day EMA at $2.94, the 100-day EMA at $2.78, and the 200-day EMA at $2.63.
