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**4 XRP Warning Signs Flash: Is Ripple’s Price About to Tumble?**
Ripple’s native token, XRP, has been experiencing a rather tumultuous time lately. Despite initially riding a massive wave that propelled it from around $2.2 to an all-time high of $3.65, the asset is now staring at a potentially grim future. In fact, four warning signs are flashing red flags, indicating that XRP’s price might be on the verge of a significant downturn.
**Warning Sign 1: Technical Indicators**
It was only recently that XRP surged from its range-bound position to an all-time high. Following this impressive run, it retreated towards $3.3, with analysts cautioning about the significance of the $3 support level. Unfortunately, this crucial line has finally given way, and XRP is now trading below it. If it does close beneath this mark on the daily chart, there’s a risk that it might plummet to the next two support levels at $2.8 and $2.5.
**Warning Sign 2: TD Sequential Metric**
Crypto analyst Ali Martinez has also highlighted an ominous warning sign – the TD Sequential indicator flashed a sell signal on the 4-hour chart at the local top. While this doesn’t necessarily mean XRP’s price is doomed, it does suggest that there may be more pain ahead.
**Warning Sign 3: MVRV Ratio**
In addition to the technical indicators and the TD Sequential metric, another ominous sign has emerged. The MVRV ratio has recently recorded a “death cross,” implying that the correction could become steeper than initially anticipated.
**Warning Sign 4: Whales Dumping XRP Tokens**
It’s no secret that large market participants – or “whales” as they’re colloquially known – played a crucial role in XRP’s meteoric rise. In fact, they accumulated massive amounts of the token, even when its price was dipping. However, this buying frenzy has now reversed, with whales unloading over 710 million XRP tokens within the span of just one day. This enormous sell-off will undoubtedly amplify the selling pressure and prompt smaller investors to follow suit.
Considering these four warning signs flashing red flags, it seems clear that Ripple’s price is at a critical juncture.
Source: cryptopotato.com
