๐ฅXRP Profitable Holders Are Cashing Out $68.5M Daily โ Is a Major Correction Looming? ๐ธ๐
๐จ Market Alert for XRP Investors!
XRPโs most profitable wallets are offloading $68.5 million worth of tokens daily, echoing patterns last seen before the 2017 mega-bull peak. ๐
๐ Key Insights:
โ Over 70% of XRPโs Realized Cap has been created since late 2024, suggesting the current rally is driven heavily by new buyers.
๐ This makes XRPโs structure top-heavy, which historically leads to heightened volatility and risk of sell-offs.
โ ๏ธ If this wave of profit-taking continues, XRP could face a 35% drop, potentially testing the $1.60 to $1.35 support zone. ๐
๐ Current Trend Analysis:
๐ปXRP has shown strength, but buyer fatigue is evident.
๐ปRSI is cooling off; volume momentum slowing.
๐ปDaily sell pressure from large holders adds significant resistance.
๐ก Pro Tip for Traders:
Watch for a bounce confirmation around $1.60 before re-entering. Tight stop-losses are key in this volatile zone. โ๏ธ
๐ฎ Market Outlook:
Short-term correction may offer entry opportunities โ but only if XRP holds key trend lines. A break below $1.35? Then deeper pain could follow. ๐ซ
๐ง DYOR:
This is not financial advice. Always Do Your Own Research before making any move โ especially in high-volatility zones like this one! ๐ง๐
