🚨 Ripple under pressure: $40 billion XRP went up for sale! What's next? 🚨
In the last week, over 17 billion XRP$XRP (over $40 billion) were sent to exchanges — investors are actively taking profits or exiting at breakeven. This creates strong pressure on the price and may slow down Ripple's growth.
📉 The MACD technical indicator warns — bullish momentum is weakening, and if the line crosses downwards, we can expect an increase in bearish sentiment.
⚠️ The price has been below the downward trend for almost 4 consecutive months. If the support level of $2.38 is not held, the decline may continue to $2.12 and below — down to $1.94.
🔥 However, a bounce from $2.12 and a hold above $2.27 will give bulls a chance for new growth and a test of the $2.56 level.
What will the market choose — profit-taking or a new wave of purchases? Let's keep an eye on the developments!
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