XRP shows a buy signal from technical indicators amid rising whale activity. Whale-held supply hit 3.80 billion XRP, up 80 million in a week, per Santiment data. Whale activity suggests accumulation during price weakness. The TD Sequential indicator also hints at trend exhaustion. XRP traded at $1.37 on March 23, down 1.3% in 24 hours and 6% weekly.

Although the broader cryptocurrency market’s bearish sentiment has weighed on XRP, the token is showing early signs of a potential rebound.

After failing to hold above the $1.50 mark, XRP’s on-chain activity and technical indicators are beginning to align in favor of bullish momentum.

Specifically, whales have accumulated roughly 40 million XRP over the past week, a move that suggests growing confidence among deep-pocketed investors, according to data from Santimentshared by Ali Martinez on March 22.

Whale-held supply has been trending higher in recent days, climbing from around 3.72 billion XRP to nearly 3.80 billion. This steady rise in large-wallet accumulation typically reflects strategic positioning, as whales tend to build exposure during periods of price weakness in anticipation of a recovery.

XRP flashes buy signal

At the same time, analysis by Martinez on March 22 shows that XRP’s 12-hour chart remains in a sustained downtrend, with prices sliding from above $1.50 to near the $1.40 level.

However, this decline coincides with a bullish signal from the TD Sequential, which identifies trend exhaustion and potential reversals by tracking consecutive price movements. With the sequence now complete, it suggests selling pressure may be fading.

The indicator has flashed a buy signal after the recent pullback, pointing to a possible local bottom. Combined with rising whale accumulation, this strengthens the case for a potential shift in market direction.

Overall, XRP has faced continued downward momentum in recent sessions. This pullback follows a period of consolidation in the $1.38 to $1.45 range, after briefly showing signs of recovery from earlier lows near $1.28.

Analysts note that the asset has struggled to sustain moves above key resistance levels such as $1.39, contributing to the current bearish bias.

XRP price analysis

By press time, XRP was trading at $1.37, down about 1.3% in the past 24 hours and over 6% on the weekly timeframe.

XRP’s current price sits below both key moving averages, signaling sustained downside pressure. The 50-day SMA at $1.44 indicates that short-term momentum remains bearish, with price likely to face resistance on any bounce.

More notably, the 200-day SMA at $2.13 sits well above the current price, confirming a broader long-term downtrend and showing that XRP remains below its macro trend support.

On the momentum side, the 14-day RSI stands at 45.27, placing it in neutral territory. This suggests that while selling pressure has been dominant, the asset is not yet oversold. In practical terms, this means there is no strong exhaustion signal from momentum yet, and price could either continue consolidating or extend lower before a clearer reversal emerges.

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