XRP $XRP whales are becoming more active and technical indicators are signaling selling pressure. What is the effect on prices?

At the end of the second quarter, an interesting thing happened on the XRP blockchain: many tokens that had been sitting still for a long time started moving.

This behavior is often a sign that savvy investors are selling their tokens, perhaps fearing a drop in XRP’s price in the third quarter.

Long-Locked Tokens Start Moving Again: A Bearish Signal for XRP

According to data from Santiment , a platform specializing in on-chain analytics, XRP’s “dormant circulation” (90 days) reached 387.19 million tokens on Monday, the highest level in the last three weeks.

This metric measures how many tokens that have not been moved for at least 90 days are moved in a single day. A sudden increase in this value usually indicates that long-term holders are moving their tokens, often to take profit or avoid losses.

In the past, these moves have often coincided with price drops, evidence that savvy investors have identified the right time to exit the market.

Vibrancy Growing as Old Tokens Activate

The “Liveliness” indicator also increased on the same day, reaching 0.809. This parameter reflects how many tokens that had been locked for a long time have become active again.

When the liveliness drops, it means that investors are holding their tokens. When it increases, as it is happening now, it can indicate that more investors are selling or moving their tokens, following a logic of taking profits or protecting against possible declines.

Negative signals from the charts

Technical analysis also shows a bearish scenario. The “Balance of Power” (BoP) indicator is at -0.62, which indicates the difference between buyers and sellers . A negative reading suggests that sellers are prevailing.

If this trend continues, the price of XRP could drop to $2.08. If demand suddenly increases, it could see a rise to $2.29.

A potential XRP rally would also benefit Snorter ($SNORT) , a new meme coin that is about to launch its own sniper bot for Telegram.

This tool will allow users to buy new cryptocurrencies immediately after launch, focusing on speed and security, two key elements to avoid scams or honeypots in sniping operations.

The Snorter bot aims to be the fastest and cheapest Telegram sniper bot on the market. The $SNORT presale has already started and has raised over $1.3 million. The bot will be the first to launch support for XRP, but Snorter is intended to be a multichain project, and the community can vote on which blockchain to add in the future.

Appreciate the work. Follow me. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩