#XRPUSDT🚨 REPORTING TO ALL XRP HOLDERS

XRP whales are selling for 1.9 billion dollars – risk of a 30% crash

The blockchain of XRP is showing concerning signals. Large investors, also known as whales, are secretly selling massive amounts of XRP. Analysts even fear a 30 percent crash for the XRP price.

Whales are selling 640 million XRP

Since July 9, whales have sold approximately 640 million tokens of XRP, as shown by data from CryptoQuant. At current prices, this corresponds to about 1.9 billion dollars in XRP. Most of the sales occurred when XRP was traded between 2.28 and 3.54 dollars.

This is already the second time that whales decided to sell their XRP during price increases. Between November and January, they also sold large quantities when the XRP price rose from 1.65 to 3.27 dollars.

By the way, the transactions of whales do not necessarily indicate sales. It could also be that they are restructuring their wallets. Nevertheless, a pattern seems to exist, as coins change hands when prices rise.

Meanwhile, we are in a phase where the price is increasing while the Relative Strength Index (RSI) is declining. Usually, this is not good for the price of a financial asset. This means that the momentum is weakening and the price becomes more susceptible to declines.

If the correction lasts longer, there is a risk that XRP will lose its 20-week average level of 2.55 dollars. This could then cause a decline to about 2 dollars and thus the 30 percent crash that analysts from Cointelegraph hinted at.