XRP currently trades at 2.92 USD, as outflows from key holders hit a 7-month high, indicating eroding confidence. The asset faces resistance at 2.95 USD and needs to maintain support at 2.65 USD to prevent further downward movement.
The Chaikin Money Flow indicates significant selling pressure, driven by long-term holders exiting their positions. Continuous outflows complicate XRP’s recovery prospects, challenging its ability to reclaim vital price levels in the near future.
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