Recently, XRP surged to 3.03 USD but has receded to 2.93 USD. On-chain analytics reflect increased reserve levels, which could indicate impending selling pressure. The rise in exchange reserves to 2.96 billion USD signals potential corrections based on past trends.
Whale transactions exceeding 1 million USD hit a three-month peak, suggesting significant distribution among large holders. A correction aligning with Fibonacci levels may see XRP drop to 2.34 USD unless key support holds. Overall, the market sentiment remains cautious amid fluctuations.
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