XRP

July 16, 2025 at 23:14

XRP Nears Rare Golden Cross as SHIB Supply Centralized and Bitcoin Whale Starts Selling

The XRP cryptocurrency is approaching a highly uncommon Golden Cross, indicating a potential bullish trend. Meanwhile, a single wallet controls 41.04% of SHIB supply, highlighting significant centralization risks. Additionally, a major Bitcoin whale from the Satoshi era has begun selling, which could influence market stability.

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Analysis

The approaching Golden Cross in XRP suggests a potential bullish momentum, as this technical indicator often signals a shift from a bear to a bull trend. However, the presence of a single wallet holding over 40% of SHIB raises concerns about market manipulation or centralization, which could Lead to unpredictable price swings. The selling activity by a long-standing Bitcoin whale from the Satoshi era may introduce caution, as whales' moves can significantly impact market liquidity and stability, especially if they liquidate large holdings. The combination of technical signals and on-chain activity points to a mixed landscape. While XRP's Golden Cross is a positive signal for short- to medium-term gains, the heavy concentration in SHIB and whale selling reduce overall confidence in a sustained rally. Traders should remain vigilant and consider these factors when making investment decisions. Market dynamics now are influenced not only by technical patterns but also by significant on-chain holdings and macro movements by large players. Future price actions could be volatile, and listening to further developments is advised.

Recommendation

Given the approaching Golden Cross, a cautiously optimistic stance on XRP could be justified, especially if volume supports the bullish signal. However, the high concentration of SHIB in one wallet introduces risks of sudden price moves due to possible large-scale sell-offs. It would be prudent to monitor these on-chain activities closely. The recent selling by a Bitcoin whale suggests potential downside pressure or at least increased volatility, and traders should prepare for possible fluctuations. Building positions gradually while watching for confirmation from on-chain data and technical signals might be the best approach. Overall, a balanced view recommends staying observant but not rushing into heavy investments until clearer market direction emerges. Considering the risk factors, it makes sense to adopt a wait-and-see approach while setting stop-losses to mitigate potential downside risks.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.