Investors $XRP are selling assets
The Chaikin Money Flow (CMF) indicator has recently dropped sharply, indicating a decline in investor confidence. This suggests that they are withdrawing funds from XRP, reflecting growing skepticism about the price dynamics of the altcoin. The sharp decline in CMF raises concerns, as outflows may continue if sentiment does not change.
This skepticism is amplified by recent bearish pressure on the price of XRP. With increasing outflows, recovering key levels becomes increasingly difficult, which could lead to further declines.
The long-term forecast for XRP depends on the change in the net position of HODLers, which has reached a seven-month low. This indicates that long-term holders (LTH) are selling their assets, reinforcing the downward trend. Sales that began in mid-July have intensified in recent days, increasing downward pressure on XRP's price.
LTHs, who significantly influence the price of XRP, are reducing their positions. This amplifies bearish sentiment among holders. As these influential investors cut their positions, others may follow suit, further lowering the price.
