XRP faces major sell-off risk as whales lock in profits – Is a crash coming?

XRP is currently experiencing intensified sell-off risks due to whales locking in profits. The price drops below critical EMAs indicate that the bears are gaining control, which raises concerns for traders.

With XRP trading around 1.99 USD, the cryptocurrency has faced a 12% decrease in the past week. The mounting bearish sentiment and heightened sell volume reflect a fragile market, indicating possible further declines.

There has been a notable spike in whale transactions coinciding with the price drop, highlighting extensive profit-taking activities. Increased exchange inflows, especially to Binance, suggest upcoming sell-offs and amplify the negative market sentiment.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts