Ripple’s XRP Is Bleeding, but Whales Are Buying: Are Bulls Preparing for a Violent Reversal

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XRP fell toward $1.15 for the first time in several months, while on-chain data showed that large holders accumulated nearly 16.5 million tokens. The 14-day moving average of XRP’s aggressive buy-to-sell ratio on Binance rose back toward 1.0, indicating a gradual recovery in buying pressure despite the token’s weakness. Sentiment across the XRP community nevertheless reached its lowest level since July. Some analysts expect a rebound of more than 40%, while others believe the token could fall further to the $1.05-$1.10 range before reversing.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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