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XRP Whales Do Not Care About 40% Drop: XRP Blockchain Shows
The crypto market has been experiencing a tumultuous period lately, with many assets facing significant declines. Ripple’s XRP is no exception, having lost around 40% of its value in recent days. However, an analysis of the XRP blockchain suggests that whales are not perturbed by this drop.
As it stands, XRP bulls are struggling to hold onto the $2.00 support level, which could potentially lead to a prolonged decline if they fail to do so. The next key levels to monitor would be $1.60 and $1.20 if the asset fails to regain momentum.
On the other hand, if buying pressure picks up and XRP is able to regain its previous highs above $2.61, there’s a chance it may buck this bearish trend and recover some of its losses.
It’s important for investors to conduct their own research before making any investment decisions and not rely solely on the author’s opinions or predictions.
Disclaimer: The views expressed here are not investment advice; they’re provided for informational purposes only.
Source: u.today
