XRP is at risk of a price drop as technical indicators point to a potential correction. Analyst Ali Martinez highlighted that the TD Sequential indicator has issued a new sell signal, which has historically been followed by significant declines. Additionally, whale activity shows that large holders have offloaded over 140 million XRP recently.
Currently trading at $2.63, XRP is near its 200-day simple moving average (SMA), with the 50-day SMA at $2.79 serving as resistance. The relative strength index (RSI) stands at 51.69, indicating a phase of neutral consolidation.
XRP Faces Potential Decline as Sell Signals Emerge
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