XRP price has surged 10% in the last 24 hours, with its trading volume skyrocketing nearly 50% to $8 billion. This strong momentum has pushed XRP’s Relative Strength Index (RSI) back into overbought territory for the first time in almost a month. That surge happened after the SEC accepted its ETF filling, although this doesn’t mean it was approved yet.

Meanwhile, whale activity remains stagnant, with the number of large holders showing only slight movement after a recent surge and decline. As XRP hovers near key resistance levels, traders are watching closely to see whether this rally has the strength to continue or if a correction is on the horizon.

XRP RSI Is Back to Overbought After Almost a Month

XRP’s Relative Strength Index (RSI) has surged to 72.2, climbing from 50 just a day ago.

This sharp increase highlights strong bullish momentum in XRP price action. For the first time in nearly a month, traders have pushed the asset into overbought territory.

Such a rapid rise in RSI suggests intensified XRP buying pressure, signaling that demand has significantly outpaced supply in the short term.

The RSI is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Typically, an RSI above 70 suggests an asset is overbought and may be due for a pullback, while an RSI below 30 indicates oversold conditions, potentially leading to a rebound.

With XRP now in overbought territory, the likelihood of a short-term correction increases as traders might start securing profits. However, if buying pressure persists and RSI remains elevated, it could indicate the start of a stronger bullish trend, pushing XRP to higher resistance levels.

XRP Whale Activity Is Stagnant

The number of XRP whales – wallets holding between 1 million and 10 million XRP – jumped from 2,081 to 2,136 between February 1 and February 2, signaling strong accumulation.

However, this surge was short-lived, as the count began to decline, reaching 2,118 by February 9. Such movements suggest that while some large holders were accumulating, others may have started taking profits or redistributing their holdings.

Tracking whale activity is important because these large holders can significantly impact price action. After the recent decline, the number of whales has started rising again, but at a slow pace, currently at 2,127.

This suggests some renewed accumulation, but the near-stable trend in recent days indicates hesitation. Without stronger buying activity, XRP may remain in consolidation rather than gaining upward momentum.

XRP Price Prediction: Will XRP Recover $3 Levels In February?

XRP price has surged over 10% in the last 24 hours, showing strong bullish momentum. Its EMA lines suggest that golden crosses could form soon, which often signal further upside.

If the uptrend continues, XRP could test a key resistance at $2.96, and if broken, it may push toward $3.15. A strong breakout could even drive XRP to $3.36, representing a potential 24.5% gain. That could be driven by the approval of XRP ETF by the SEC, which could happen soon.

However, if the uptrend loses momentum, XRP price could face a pullback, testing support at $2.54.

A break below this level might lead to further downside toward $2.26, and if selling pressure intensifies, XRP could drop as low as $1.77.

Kaito just released its whitepaper, announcing a new KAITO token with an accompanying airdrop. Kaito intends to use AI tools to monetarily reward novel and insightful social media posts.

In other words, it’s set a monumental challenge for itself. The community is excited to see if Kaito is up for the challenge, but some users are already planning to game the system.

Kaito Will Launch a Token Soon

Kaito, an AI-focused Web3 information platform, has been generating a lot of buzz lately. Its data and analysis have been useful in identifying crypto trends. It highlighted, for example, that RWA and DeFi projects are taking momentum from meme coins. Today, it released its long-awaited whitepaper, unveiling a KAITO token, which will be airdropped soon.

“Entering into the new era of attention and InfoFi, KAITO will be your key to the distribution center of information, attention and capital. Attention is a core part of today’s economy. Our view is that AI-powered InfoFi is the endgame for information efficiency, and we couldn’t be more excited for this next chapter,” the firm claimed on social media.

Kaito’s whitepaper explains all the token dynamics in its new system. Essentially, it set an extremely ambitious goal: using artificial intelligence to quantify the value of social media posts and tokenize them. Kaito’s AI will assess user posts for output, engagement, insight, and more, and users will earn yaps. These yaps will determine future airdrops, but the full tokenomics aren’t out yet.

Kaito’s token airdrop has generated a lot of positive buzz, with some calling it “the most significant social token distribution we’ve ever seen in crypto.” The firm’s own data has suggested that AI protocols are losing influence, but its own airdrop may be an exception. The crypto community has long searched for a way to revolutionize social media, and Kaito has entered the game.

However, there are many challenges. Kaito isn’t the only tech company trying to increase content quality in the Era of AI; the world’s biggest tech companies also want to increase the quality of posted content. Kaito wants to use token rewards to incentivize thoughtful and well-connected discussions, but the whitepaper doesn’t clearly explain how it would accomplish this.

Meanwhile, social media is already crawling with users giving their best advice on optimizing KAITO token rewards. Some of these posts apparently have good intentions, but other large accounts have already been cynical:

“When KAITO launches, just know: if you never earned a yap, you’ll feel like your account was useless. So tweet, X, Yap, replyguy, do whatever it takes to earn yaps. Make tweets that make them reply to you. Make content that makes smart followers comment on it. Go to the leaderboard, follow top emerging yappers,” one user told his followers.

In other words, the plan to monetize good content may only encourage further bad actors. Kaito’s AI faces a very difficult challenge: how can it objectively assess novelty and insight and reward tokens based on that assessment? The protocol’s success will hinge on its ability to deliver here. Whatever might happen, however, the whole community is watching.

Meme coins had an intriguing week, with some ending in the green while most saw losses. However, optimism is rising as Bitcoin holds steady around the $97,000 mark, fueling hope for a broader recovery among meme coin holders. 

BeInCrypto has analyzed two meme coins leading the charge and another poised for rapid recovery.

SPX6900 (SPX)

SPX price surged by 28% this week, driven by improving market conditions. This upward movement has helped the meme coin recover from a sharp 54% decline in the previous week. The rebound signals a potential for continued growth, provided that the momentum can be maintained in the coming days.

Currently trading at $0.80, SPX is working to secure the $0.75 support floor. If successful, this would pave the way for a rise toward $0.91. A breach of this resistance would further confirm the uptrend and provide a solid foundation for the meme coin to aim for the $1.00 mark.

However, if SPX fails to breach $0.91, it may face a period of consolidation above the $0.75 support level. This could lead to a delay in recovery, potentially invalidating the bullish outlook. Without additional market support, further upward momentum might not be sustainable.

Popcat (POPCAT)

POPCAT price surged by 73%, trading at $0.35 as of the latest update. Emerging as one of the best-performing meme coins, POPCAT has managed to recover nearly half of the 71% decline observed between January and February, showing potential for further growth as momentum builds.

Currently trading at $0.35, POPCAT faces resistance at the $0.37 level. If the altcoin manages to flip this barrier into support, it will secure its recent gains and help fuel further upward momentum. Successfully breaching $0.37 would pave the way for continued growth and higher price targets.

If POPCAT fails to breach the $0.37 resistance, it could experience a pullback. In such a case, the price might fall back to the $0.23 support level, potentially invalidating the bullish outlook. This could erase the recent gains and trigger additional market uncertainty surrounding the altcoin’s future.

OFFICIAL TRUMP (TRUMP)

TRUMP was one of the worst-performing meme coins this week until the last 24 hours when it saw a 23% rise. The jump came after US President Trump’s crypto company, World Liberty Financial, initiated a token reserve, sparking renewed interest in the altcoin and boosting its price.

The 23% rise has brought the overall weekly gains to 11.5%, with the price now at $19.06. TRUMP is currently facing resistance at $19.58, and flipping this level into support is crucial for the altcoin to continue its recovery. Successful price action could set the stage for further gains.

If TRUMP fails to breach the $19.58 barrier, it could result in consolidation below this resistance level. The altcoin might slip back toward the $16.00 support or even test its all-time low of $14.29. This scenario would invalidate the bullish outlook and extend losses, delaying potential recovery.