Recent fluctuations in the crypto currency market brought remarkable developments in the price of XRP. Since April, XRP has been trying to protect the 2 dollar level as psychological support. On June 13, there was a loss of value of over $ 1 billion due to liquidations in the markets, while the XRP managed to stay in balance at $ 2.14. However, the decline tendency in the short -term graph is concern.
Large market sales and investor behaviors
The rapidly increasing pressure pressure throughout the market affected the movements of many crypto currencies, including XRP. Especially the fact that the ‘whales’, especially the ‘whales’, sells 150 million XRP token in the market, created a downward pressure on the price. The volume of these sales led market participants to be cautious.
Despite this wave of sales, XRP may remain above $ 2 support, indicates the resistance of some investors in the market. However, the downward graphic formations in technical analysis give signals that the price may not be able to maintain this support for a long time. Analysts continue to closely monitor the movements of XRP.
Uncertainties about technical analysis and the future of the price
The decrease -oriented formation, which becomes evident in the 4 -hour graph, indicates that the future XRP price may continue. According to experts, the $ 2 level is a psychologically important limit. If XRP falls below this support, a new wave of sales can be triggered.
Among the investors, a mixed atmosphere of XRP under current conditions. Some users argue that the price will stability in the short term, while technical indicators warn that volatility may continue rather than such a stagnation. After the latest sales, some of the investors continued to monitor the price of the price for new purchase or sale decisions.
Different opinions stand out within the XRP community. According to technical analysis, rapid movements can be observed in the current conditions. Some analysts say that if sales prints are reduced, the price can be recovered again.
“The XRP price is still maintained its critical 2 dollar level, but the downward risks have increased,” a market analyst made an assessment.
In this process, whale movements are closely monitored in the market. Changes in the amount of XRP in the hands of major investors can direct short -term price movements. The market continues a sensitive balance against the purchase and sale preferences of these investors.
General instability in crypto money markets and high volatility, even large assets such as XRP cause difficulties in price stability. For this reason, investors, technical indicators and market news is recommended to follow closely. In a short -term view, there is no definite prediction about the direction of the market.
The XRP is trying to maintain the $ 2 level, and the movements of large investors continue to directly influence the price. Especially recently high -volume sales threaten the price balance. The short -term negative signals seen in technical analysis require investors to be cautious. As the uncertainty in the market continues, it is important for investors to carefully monitor the developments for the stability of the price.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
