๐จ XRP: Bullish Wave or Bearish Trap? ๐จ Over 280M
$XRP scooped up by whales in just 10 days. ๐ณ Thatโs usually a bullish sign of long-term confidence.
But waitโฆ ๐ An unknown wallet just moved 16.8M XRP ($54M) to Coinbase. Sell-off ahead? ๐ค
Price is now sitting at $3.11, barely holding above the $3.10 support zone after a sharp drop from $3.66 ๐
If this level breaks, we could see a slide to $2.63 โ
๐ MACD just flipped bearish
๐ On-chain activity collapsed
๐ Network growth & transactions plummeted
๐ NVT ratio is high = XRP may be overvalued
Bottom line: whales may be bullish, but utility isnโt keeping up right now.
Without a bounce in usage and metrics, this rally could lose steam โ fast. โณ
๐ฅ Bulls need to defend $3.10, or the next leg might not be pretty.
๐ WhiteBIT Chart: XRP/USDT (1D)
