XRP has been trying to hold at the $2 level recently. However, the sales by large investors continue to exert pressure on the price. The uncertainty in the market causes investors to behave cautiously.

Fluctuations in the cryptocurrency market significantly affect XRP's price movements. Since April, the $2 psychological support point has been monitored. On June 13, with the liquidation wave in the markets, there was a total loss of over $1 billion in value, while XRP managed to remain stable around $2.14. Nevertheless, the downward trend in the short-term charts raises concerns.

The rising selling pressure in the market is pulling down the prices of many cryptocurrencies, including XRP. In particular, the sale of approximately 150 million XRP by large investors, referred to as 'whales', has had a serious downward impact on the price. This situation has led investors to take more cautious steps.

Despite this, XRP's ability to maintain its support above $2 indicates that some investors are showing resilience in the market. However, the negative formations in technical analyses signal that the price may not be able to sustain this support level for long. Analysts continue to closely monitor XRP's movements.

Technical Analysis and Uncertainties for the Future

The downward trend that has become apparent in the 4-hour charts indicates that XRP's price may show downward movements in the upcoming period as well. Experts state that $2 is a critical psychological boundary, and if this support is broken, a new wave of sales could be triggered.

Opinions among investors regarding XRP are mixed. Some predict that the price will remain stable in the short term, while technical indicators warn of continued volatility. After the recent sales, many investors are shaping their new trading decisions according to the price trend.

There are also differing opinions within the XRP community. Technical analyses show that the price can make rapid movements both upwards and downwards. Some analysts point out that if the selling pressure decreases, the price could recover. A market analyst commented, 'XRP is currently holding at the critical $2 level, but the downward risks are increasing.'

Whale Movements and Market Sensitivity

The trading movements of large investors, namely whales, in XRP are closely monitored. Changes in positions of these players can affect short-term price fluctuations. The market is in a delicate balance, highly sensitive to the decisions of these large investors.

The general uncertainty and high volatility in cryptocurrency markets make it difficult for even large-scale assets like XRP to maintain price stability. Therefore, investors are advised to carefully follow market news along with technical analyses. Making a clear prediction about the market direction in the short term currently seems impossible.

In summary, while XRP is trying to hold at the $2 level, the movements of large investors continue to have a direct effect on the price. Recent high-volume sales threaten the price balance. The short-term negative signals revealed by technical analyses require investors to approach cautiously. As long as uncertainty continues in the market, closely monitoring developments is crucial for the price to remain stable.

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