XRP whales have recently sold 40 million tokens, indicating a bearish sentiment. Despite this, retail investors accumulated, leading to a positive Buy-Sell Delta of 18 million USD.
The XRP trading range is currently between 2.80 USD and 3.10 USD, with potential breakout resistance at 3.50 USD, while a decline could occur to 2.50 USD.
While the market sentiment seems precarious, funding rates remain positive, showing bullish trends in the derivatives market, contrasting the aggressive selling from whales.
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