Ripple’s XRP is starting to show signs of weakness after a recent price rally. While it gained nearly 29% in the past month, the current trend is making some investors nervous.
📉 Current Price: $2.94
🔻 24h Drop: -3.7%
📉 From July 18 High ($3.65): Down nearly 19%
⚠️ What’s Going Wrong?
Two big warning signs are showing up:
1️⃣ Technical Sell Signal
Crypto analyst Ali Martinez said the Tom DeMark Sequential (a trend reversal tool) gave a sell signal on the 3-day chart — just before the recent drop started.
2️⃣ Whale Selling
In just a few days, whales (large holders) sold over 720 million XRP. That much selling can push prices down further, especially if they’re taking profits or losing short-term confidence.
💀 What’s a “Death Cross”?
The MVRV ratio, which shows if holders are in profit, just formed a death cross — meaning more traders may now be at a loss and could start selling to cut losses.
If XRP loses the key $3.00 support, it might fall to $2.80 next. And if that breaks, we could see a drop to $2.48.
🔍 XRP Technical Overview
Bollinger Bands: Price is stuck under the middle line — showing indecision.
RSI: At 48.8 — neutral, but leaning bearish.
MACD & Momentum: Both are negative — more sellers than buyers.
Moving Averages:
Short-term (10 & 20-day): Turning bearish, now acting as resistance.
Long-term (50, 100, 200-day): Still bullish — a small plus for long-term holders.
📊 What to Watch Next
If XRP drops below $2.80: Next support = $2.48
If XRP climbs back above $3.00 with volume: Next target = $3.20–$3.30
📌 Stay alert — the next few days are important for XRP’s direction.
#XRP #Ripple #CryptoNews #TechnicalAnalysis #WhaleAlert