XRP is trading within a range, showing resilience at $3.27 resistance and $2.94 support. After its all-time high, fluctuations suggest indecision among buyers and sellers, while indicators point toward possible downward risks.
MVRV ratios suggest that XRP is overvalued, which could trigger profit-taking. Whales reducing their holdings adds pressure, signaling potential decline unless buying interest recovers.
If profit-taking persists, XRP could decline toward $2.1. However, if market conditions change, potential buying could see XRP challenge its previous record high of $3.41.
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