XRP’s price surged by almost 30% after hitting a low of 1.90 USD on June 22, now trading at 2.58 USD. Increased Dormancy Flow suggests long-term holders are starting to sell, reflecting waning bullish momentum in the market.
With the Relative Strength Index shot above 70, XRP is viewed as overbought. Traders may consider locking in profits soon, influencing prices that could drop to 2.45 USD unless buying pressure sustains growth toward 2.65 USD.
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