XRP's 632-Day Streak Above $1: Whales Accumulate, Liquidity Builds
Ripple's XRP has maintained its price above $1 for an impressive 632 days, its longest stretch at this level. According to RippleXity, whales have accumulated 380 million XRP, with buying concentrated around the key $1 psychological level.
This accumulation is a significant bullish signal, especially considering that other major altcoins such as Bitcoin and Ethereum are already looking overbought. In contrast, XRP's Relative Strength Index (RSI) is sitting around the neutral 50 level, making it an attractive option for investors seeking undervalued assets.
The liquidity backdrop is also strengthening, with a solid cluster building around $1.06-$1.07 on CoinGlass' 24H liquidation heatmap. This is particularly noteworthy as RSI remains neutral and whale accumulation continues to pick up pace.