$40 billion in XRP reaches exchanges: Will profit-taking extend its bearish rally?

In summary

More than 17 billion XRP, valued at $40.2 billion, sold in one week, indicating a possible profit-taking.

Technical indicators, including a weakened MACD, suggest that bearish momentum could soon drive the price of XRP lower.

XRP faces critical support at $2.38; dropping below $2.02 risks a further decline to $1.94 or less.

XRP has recently faced significant selling pressure, threatening to extend its multi-month bearish trend.

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