Time to sell XRP? Whales Transfer 70 Million XRP to Crypto Exchange!

At present, the crypto market is experiencing high volatility, and XRP, the original Token of the Ripple Labs, is in the decline trend. Many investors are wondering, is it time to sell XRP? Recently, a number of Whale reportedly transferred 70 million XRP to various exchanges, which triggered concerns among traders. [** Whale Dump 70 Million XRP **] In the last four days, the Whale has thrown more than 70 million XRP to the crypto exchange. This information was revealed by a crypto analyst on the X platform (previously Twitter). This activity attracts the attention of the crypto community because usually a large transfer to exchange is considered a bearish signal. In other words, when holders in large quantities begin to sell their assets, prices tend to experience down pressure. [** Current XRP Price Performance **] At present, XRP is traded around $ 2.97 and has decreased price of more than 4.45% in the last 24 hours. Nevertheless, the volume of trade remains stable, shows that the market is still in active condition without drastic changes in liquidity. [** Technical Analysis: XRP In down trends? **] Based on the latest technical analysis, XRP moves in the pattern*Descending Parallel Channel*in the daily timeframe. At present, the * bearish engulfing * pattern appears, which shows a stronger selling pressure. According to data from tradingview, there is a potential for further decline of up to 8.5%, with the main support at the level of $ 2.75. However, there is one positive indicator that is still a hope for long -term investors. XRP still survives above the 200 Exponential Moving Average (EMA) line on the daily timeframe. That is, although there is a selling pressure, technically XRP is still in the long -term trend. [** Bearish sentiment among traders **] Data from Coinglass shows that many traders bet on lower XRP price movements. At present, the $ 2.91 level is the point where the * bulls * (buyers) (buyers) (buyers) over-leveled, with more than $ 28 million in long positions. On the other hand, the * Short Sellers * dominated at the level of $ 3.10 with a short position worth $ 56.3 million. [** Conclusion: It's time to sell or survive? **] With the existence of a massive selling action by Whale, increased bearish pressure, and technical analysis that shows the potential for further correction, XRP is in a fairly challenging condition. However, as long as prices still survive above the EMA 200, there is a possibility of recovery in the long run. For investors, the decision to sell or persist depending on each strategy. If you are a short -term trader, be aware of the possibility of deeper correction. However, if you believe in the long -term prospects of XRP, maintaining this asset can be a wiser choice. What do you think? Is this the right time to sell XRP or even the opportunity to buy more? Give your opinion in the comments column! [** Outro **] Don't forget to like, subscribe, and turn on the notification bell so as not to miss the latest updates about the world of crypto. See you in the next video! #xrp #RIPPLE #RIPPLENEWS #XRPHARIIHI #XRPNews