🚨 XRP: Bullish Wave or Bearish Trap? 🚨
Over 280M $XRP scooped up by whales in just 10 days. 🐳 That’s usually a bullish sign of long-term confidence.
But wait… 👀
An unknown wallet just moved 16.8M XRP ($54M) to Coinbase. Sell-off ahead? 🤔
Price is now sitting at $3.11, barely holding above the $3.10 support zone after a sharp drop from $3.66 📉
If this level breaks, we could see a slide to $2.63 ⚠️
📊 MACD just flipped bearish
📉 On-chain activity collapsed
📉 Network growth & transactions plummeted
📈 NVT ratio is high = XRP may be overvalued
Bottom line: whales may be bullish, but utility isn’t keeping up right now.
Without a bounce in usage and metrics, this rally could lose steam — fast. ⏳
🔥 Bulls need to defend $3.10, or the next leg might not be pretty.