XRP is under pressure from large holders selling off, which is contrasted by increasing buy orders from retail investors. The crucial barrier lies at 3.20 USD, with 2.90 USD as a support level. The U.S. Tax exemption for certain cryptos may lead to a rise in demand for XRP.
As the market stabilizes, continued whale selling may lead to increased volatility, affecting short-term investments. If XRP can hold above 3.20 USD, it may pave the way for higher price levels. Nonetheless, failing to maintain that threshold could strengthen support at 2.90 USD.
Leave a Reply