xrp crypto value

XRP at risk of a 50% drop as critical indicator screams buy

Ripple flows out of exchanges as Bitcoin and Ethereum inflow spikes
Written by publisher team

  • Ripple price is on the verge of a major crash if the critical support level fails to hold.
  • A leading indicator provided a sell signal on the 3-day chart.
  • The number of whales remains in a downtrend, which indicates that they are not interested in XRP.

XRP has experienced massive activity in the past month, as it experienced a huge amount of volatility that started with an initial pump organized by a Reddit group called WallStreetBets. Digital assets are still very volatile and could be set for a significant drop.

Ripple price is about to drop by 50%

On the three-day chart, the TD Sequential indicator provided a sell signal on February 21, which appears to have taken a significant bearish continuation to $0.45.

xrp سعر price

XRP/USD 3-Day Chart

The last sell signal was presented in November 2020, and the price of Ripple fell by more than 70% over the following month. 26-EMA at $0.415 is acting as a strong support level. If the XRP bulls fail to maintain this key level, the Ripple price could drop quickly towards $0.218.

xrp سعر price

XRP holders distribution

In addition, the number of whales holding 10,000,000 or more XRP has fallen in the past three weeks, despite the drop in the Ripple price. It indicates that the big holders are not interested in XRP even if the price is lower.

On the other hand, the XRP bulls can still negate the sell signal by pushing the Ripple price above the last high at $0.65. A bounce from the 26-EMA could push the digital asset towards $0.75.

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