$256 Million Sale in XRP Causes Panic: Testing Price Support

XRP faced intense selling pressure in the last 24 hours. Approximately 116.72 million XRP changed hands, reaching a trading volume of $256 million. This development indicates that investors are quickly liquidating their positions out of concern for the market decline. However, despite everything, positive funding rates indicate that many traders still maintain expectations for a price increase.

Investors are Taking Profit, Anxiety Dominates the Market

Starting strong this week, XRP gave back all its gains. Panic selling has increased pressure on prices, leading investors to exit amid concerns that a correction process could deepen. This wave of selling intensified especially with the withdrawal of investors who had made profits in the short term.

However, the magnitude of the sales also reveals uncertainty among market participants. While selling pressure on XRP increases, many investors are still reacting emotionally rather than establishing a clear strategy. This situation suggests that volatility may continue in the short term.

Funding Rates Positive: Hope for an Upsurge Continues

Although the price is dropping, XRP’s funding rate remains positive. This indicates that traders taking positions in futures still have bullish expectations and have not lost faith that prices can recover.

This positive signal indicates that interest in XRP continues despite the decline, and the expectation of recovery is strong. In other words, despite the decline in the market, a significant portion of investors still believes that XRP will gain value in the future.

Critical Levels in XRP Price: Is a Recovery Coming, or More Decline?

At the time of writing, XRP is trading at $2.11. Although there has been about an 8% drop in the last four days, the price is still holding above the critical support point at $2.08.

If XRP cannot hold this level, the first test could be $2.02, followed by the psychological barrier of $2.00. Falling below this level could mean a new low after two months and could severely shake investor confidence.

However, if XRP manages to hold the $2.08 support and the price rises above the $2.13 level, it could indicate that the trend has reversed. Such a move could pave the way for XRP to reach the $2.20 levels again in the short term and invalidate the current bearish outlook.

As a result, while the sharp sales in XRP create short-term pressure, the positive funding rates and efforts to hold support levels maintain the potential for recovery. The next few days will be decisive for the direction of XRP for traders.


PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.

Friends who have not yet activated the futures section will earn $10 by entering my referral code 88623008 when they activate the futures section. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

Brothers who registered on Binance without a referral, please listen carefully;

You will earn 10 USDT when you do what I say in order.

Enter the Futures section from your application.

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who want to receive a 10 USDT reward can do this by completing this transaction by April 10th. After this, having a trading volume of $30 will be sufficient after activating your account. However, even if you do this after April 10th, your reward will not come. Therefore, I suggest you handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO RECEIVE YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that as publishers, we do everything we can for you. We are communicating the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I am striving to provide more support.

Now I will explain how to claim your gift. First of all, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.

So who can benefit?

Friends who have not activated the futures section can activate it by entering my referral code 88623008 while opening the FUTURES section. It is an easy process. I have shown where it is below.