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🛑Are XRP Whales Cashing Out? Potential downside movements for XRP could test support levels around $1.75, which aligns with the channel's lower trendline, or further down near the 50-EMA at $1.48, reflecting a 20% decline from current prices. Recently, whale addresses holding at least 100,000 XRP have been reducing their balances as the token approaches local highs. According to on-chain data from Messari, the supply held by these significant wallets peaked at 90.73 billion XRP on November 24 before dropping by 30 million XRP, indicating that some whales are taking profits at these multi-year highs. #xrp #cryptocurrency #whales #tradingstrategy #blockchain #xrpcommunity #xrparmy #bullrun 📉🚀
Duration: 10 sPosted : Sun, 01 Dec 2024 12:53:22Views
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