Zinger Key Points
- XRP trading sideways despite strategic Bitcoin reserve executive order.
- Technical analysis shows potential sell signals on two-week chart, but some traders remain optimistic about further rally.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
XRP XRP/USD is trading sideways on Friday, with the strategic Bitcoin reserve executive order yet to kickstart a rally.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP XRP/USD | $2.54 | $147.3 billion | -2.7% | +22.8% |
| Bitcoin BTC/USD | $90,125.54 | $1.78 trillion | -0.01% | +10.6% |
| Ethereum ETH/USD | $2,214.08 | $267.01 billion | -1.9% | +2.9% |
Statistics: Data provider Onchain Lens shows that a whale who originally accumulated 25.12 million XRP at an average price of $0.429 between April and November 2022, valued at $10.77 million, has now deposited 26.5 million XRP ($67.65 million) into Binance—locking in a $56.87 million profit.
The whale also earned 1.38 million XRP by adding liquidity with BNB.
Trader Notes: Crypto analyst Ali Martinez pointed out that the TD Sequential indicator is flashing multiple sell signals on the two-week chart, signaling a potential trend reversal.
Trader Mikybull Crypto sees that the chart primed for another rally, while trader Posty stated he is betting on market sentiment driving prices higher if Ripple CEO Brad Garlinghouse delivers bullish commentary at the Friday’s crypto summit.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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