The price of XRP faces the risk of reflection amid fears of sale star-news.press/wp

XRP has recently reached the highest new level (ATH) of $ 3.66, feeding a strong market gathering and the increasing investor interest. Last week, Altcoin rose by 27 %, increasing to $ 3.50 at the time of writing this report.

However, the bullish momentum weakens as new investors retreat, indicating a shift towards the correction.

XRP investors are heavy in selling

During the past 48 hours, the number of new XRP investors decreased sharply from 11,058 to 3,930. This sudden decrease indicates a decline in interest from the market participants who had previously contributed to the assembly.

The previous increase in new portfolios indicates the increasing confidence, but the rapid deficiency of doubt about more upward trend.

Such behavior is common after price peaks, as investors await clearer signals before the capital is committed. Since new investors often lead short -term price movements, their decline hints to the slowdown of momentum.

With the failure of XRP to keep the demand over the ATH, the possibility of monotheism or reflection increases.

The change of the Hodler Net site for XRP shows red tapes over the past two days, indicating that their LTHS holders have started selling. This is the first LTHS sale in more than a month. Looking at their historical role in maintaining price stability, their conversion to behavior is a warning sign.

These sales usually reflect the loss of confidence in continuous price growth or an opportunity to lock profits. Since long -term holders affect market morale, their XRP decision can accelerate negative pressure.

As a result, XRP can have increased fluctuations in the short term.

Can the XRP price be the highest new level ever?

XRP is currently trading at $ 3.50, while maintaining gains from a strong week, but signs of slowdown are shown. Altcoin is only 4 % away from ATH re -testing from $ 3.66. However, he may struggle to maintain the current levels if the investor’s morale continues to shift.

If the external flow of new and long investors continues in the long run, XRP may lose support at $ 3.38. Break this level may lead to more losses, which may lead to a decrease in the price to $ 3.00 and the opposite of recent gains. The lack of benefit to verify the authenticity of the declining expectations.

However, if the counted heights, XRP can settle over $ 3.38 and install another attempt to violate $ 3.66. A successful decline will pay Altcoin to $ 3.80, which represents a new ATH and nullify the correction thesis.