Sell ​​$ 5 million Ripple in a week; How long will the price of the XRP continue?

Study time: 2 Minutes

Last week, Ripple (XRP) faced severe sales pressure on investors and failed in his ascending pattern in an attempt. Market data shows that during this period, about 5 million XRPs worth approximately $ 5 million were transferred to the currency exchanges and a wave of profit harvesting among holders. This behavior is a sign of a decline in trust among long -term investors and increase short -term market fluctuations.

The Age Consumed Index has also recorded a significant jump, indicating active sales of long -term queen. Such a movement usually leads to a decline in price stability and the limitation of growth opportunities, indicating a possible weakness in the market trend.

At the time of the news, the XRP is traded at $ 1.2 and retains key support of $ 1.2. If the sales trend continues, the price is likely to fall to $ 1.5 to $ 1.5. However, if investors trust again and the sales process stops, the XRP can follow the recovery route and target $ 1.5 to $ 4.9.

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