Summary of the current XRP market situation, where strong bearish signals appear in the short term:
Price Performance: Increased by less than 1% over the last 24 hours but is still down more than 15% in August.
Whale Flows: Increased significantly towards exchanges, often followed by price drops (as seen on July 30 and August 3).
Exponential Moving Averages (EMA): Bearish 'death' crosses have already formed (20/50 and 50/100), and now the third most significant one (50/200) is forming, reflecting broader weakness.
Critical Technical Levels:
Resistance: $2.95
Support: 2.81$ (threatened to break)
Next Target: 2.72$ if support is broken.
The return of the bullish outlook depends on reclaiming the $3.16 level.
📉 Summary: The indicators (whale flows + EMA crosses + failure to break resistance) combined indicate an increased risk of a downturn in the short term, requiring caution from traders.
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