Mantra (OM) price has skyrocketed more than 35% in the last 24 hours, reaching a new all-time high above $7. With this surge, OM’s market cap has climbed to $7.3 billion, surpassing ONDO as one of the largest Real-World Assets (RWA) tokens.

Trading volume has also exploded, increasing by 455% to $851 million, signaling heightened market interest. As momentum builds, key technical indicators suggest that OM’s uptrend remains strong but not yet at extreme levels.

OM ADX Shows the Uptrend Is Strong, But Still Not Extreme

Mantra, one of the biggest projects in the RWA ecosystem, rallied over 90% in the past 30 days.

ADX has surged to 24.8 from yesterday’s 12.9, marking a significant increase in trend strength. This sharp rise indicates that OM’s current uptrend is gaining traction, with growing momentum behind its price movement.

A strengthening ADX suggests that buyers are becoming more dominant, reinforcing the trend and making it more likely to sustain in the short term. If this momentum continues, it could attract more traders looking to capitalize on the strengthening trend.

The ADX is a key indicator that measures trend strength on a scale where values below 20 indicate weak or non-trending conditions, while readings between 20 and 40 suggest a solidifying trend. With OM ADX currently at 24.8, the trend is strengthening but has not yet reached extreme levels.

If the ADX continues to rise, it could confirm even stronger bullish momentum, potentially leading to more aggressive price movements. However, if the ADX starts to flatten or decline, it might signal that the trend is losing steam.

Ichimoku Cloud Shows a Bullish Setup

OM has experienced a sharp breakout, pushing well above the Ichimoku Cloud. The recent surge has placed the price in a strong bullish zone, with the cloud now trailing far below.

This move suggests a significant shift in momentum as OM price transitioned from a period of consolidation to an aggressive rally. The separation from the cloud indicates that bullish momentum is firmly in control, with no immediate signs of weakness.

The Ichimoku Cloud’s leading span is now turning upward, confirming the strength of the trend. Additionally, the conversion and baseline lines have sharply followed the price move, reflecting the sudden increase in momentum.

With the lagging span also well above the price action, the setup reinforces the ongoing bullish trend. However, the distance size of the cloud is narrowing, which could indicate the uptrend is losing steam.

OM Price Prediction: Will the Surge Continue?

Mantra price has reached a new all-time high, breaking above $7 for the first time ever. This makes OM one of the biggest RWA tokens in the market, surpassing ONDO in market cap.

This breakout confirms strong bullish momentum. If the uptrend continues to strengthen, OM price could push even higher, potentially reaching $8 for the first time.

A sustained move above key levels would reinforce confidence in the rally, attracting more momentum-driven buyers.

However, if OM’s uptrend loses strength, it could retrace to test support at $6.48.

A break below this level could lead to further downside. The next key supports are $5.26 and, in the case of a stronger downtrend, $4.37.

Argentina’s President Javier Milei has distanced himself from the LIBRA meme coin after promoting it in a now-deleted tweet.

His clarification follows accusations that the project’s developers drained approximately $107 million in what appears to be a pump-and-dump scheme.

LIBRA Meme Coin Controversy

On February 14, Milei’s X account endorsed LIBRA, a Solana-based meme coin, which triggered a surge in trading activity. The token’s market cap briefly hit $4.5 billion as investors rushed in.

The project claimed its goal was to support Argentina’s economy by funding small businesses and local ventures. Julian Peh, co-founder of KIP Protocol, confirmed the platform’s involvement, stating that its role was to manage fund distribution rather than oversee the token itself.

“Our primary role is to help run the fund allocation to the Argentinian companies, and less on the token side. We are not the [Market maker]…We will put together the plan to run the Project Libertad as per the original objective. We would not have gotten the help we did to launch it if we were not serious. Not a single SOL will be used outside of the purpose of running Project Viva La Libertad,” Peh said.

However, doubts quickly emerged regarding the legitimacy of the launch. Crypto analyst Conor Grogan pointed out that the wallet deploying LIBRA had received funds from an exchange that does not require Know Your Customer (KYC) verification.

As concerns mounted, Milei addressed the issue, stating that he had initially shared the project to support a private initiative, something he does regularly.

Upon further review, he retracted his endorsement and deleted the post. Following his statement, LIBRA’s price plummeted by around 90%.

“I was not aware of the details of the project and after having become aware of it I decided not to continue spreading the word (that is why I deleted the tweet). To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the ass,” Milei said.

Meanwhile, blockchain analysis from Lookonchain revealed that insiders had withdrawn approximately $107 million. Eight wallets linked to the project moved $57.6 million in USDC and 249,671 SOL, worth nearly $50 million. Analysts suggested these withdrawals were tied to liquidity manipulation and accumulated fees.

Additionally, crypto analyst EmberCN reported that insiders made at least $20.18 million by front-running the promotional tweet, buying seconds after it was posted, and selling after the price spike.

Political Meme Coins and Industry Reactions

The LIBRA fallout highlights concerns surrounding politically affiliated meme coins. Similar speculation surrounded the launch of the TRUMP token in January and the Central African Republic’s CAR meme coin.

In both cases, traders rushed to buy in before questioning their legitimacy. While those tokens turned out to be authentic, LIBRA’s rapid collapse has raised alarms within the crypto community.

Industry figures have condemned the situation. Sonic Labs co-founder Andre Cronje criticized the trend, suggesting that meme coin traders do not engage with decentralized finance or blockchain technology.

“[Meme coin traders are] a demographic that doesnt care about decentralized finance or even blockchains. So memes arent stealing any attention, since the participants werent our participants in the first place,” Cronje stated.

On the other hand, SlowMist founder Yu Xian called for accountability, stating that those responsible should face legal consequences.

“Support everyone in defending your rights; the instigator must be punished by law, and hopefully, they will also face the President’s wrath,” Xian added.

The LIBRA controversy reflects the risks of speculative meme coins, particularly when linked to political figures. The incident has further fueled discussions about regulatory oversight and investor protection in the crypto space.

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.