XRP Whales Vaccinations of holdings – clear distribution under progress star-news.press/wp

XRP introduced a standardization stage after setting new levels ever in late July, with the price test now 3 dollars. Over the past few days, he has struggled with the distinguished symbol to create fixed support for about $ 2.85, a region that has become a major battle for bulls and bears. Traders closely monitor whether XRP can settle here and build the foundation of another higher leg.

Optimism remains alive between some analysts, who argue that the last monotheism is just a pause before the next completion. They see the flexibility of XRP near $ 3 as a sign that the new highlands can be followed once the momentum returns, which may push the original deeper into an unknown area.

Not all views are in line with this upward view. Analysts such as Maartun refer to the disturbing onchain signals, as the data reveals that XRP whales are highly sold during this monotheism. This distribution raises fears that the market may lack the strong accumulation to maintain a long -term gathering.

Onchain data reveals a clear distribution of the whale

According to Martron, the last price behavior of XRP is formed by retail enthusiasm and more through whale activity below the surface. for him analysis From the average XRP whale flow for 30 days (30DMA) draws a clear picture: its large owners sell greatly on the market. For Maartun, this is unambiguous, as whales are branched while prices remain high. This confirms in a simple phrase: “In the data, we trust.”

Onchain data supports his point of view. The whale flow scale picks up a constant sale of main sales, a trend that historically indicates caution. While XRP has a good reputation in almost unpredictable explosive collapses, it is equally known for its calm retreat.

This does not necessarily mean that XRP has ended with its gathering. Phases often come in the history of the origins when the feelings were skeptical and liquidity looked weak. However, the risk of the downside is large. If the sale continues, XRP may struggle to obtain modern support levels, which increases the possibility of more severe correction.

In the end, the market is now standing at a crossroads. The price may be surprised again with an increase to higher levels, but if the whale continues, the negative risks may exceed the potential reward. Maartun’s warning highlights the importance of paying attention to the signals on the chain, not just price actions. As he put it, the data may already tell the true story of what comes after that.

XRP is merged around the main support

XRP is traded just less than 3 dollars after several weeks of Sideways, as it is strengthened after the sharp increase of its highest levels ever in late July. The daily graph shows that the price is struggling to create a clear direction, with the appearance of the area from 2.85 to $ 3.00 as a decisive support zone. The bulls have repeatedly defended this level, but the momentum slowed with the height of the sellers near the range of 3.20 – 3.40 dollars.

The moving averages enhance this image of the frequency. XRP remains higher than the moving average for 50 days ($ 3.07), a positive sign indicating that a short -term structure is still intact. Meanwhile, average of 100 days ($ 2.64) and 200 days ($ 2.47) saves deeper layers of support, highlighting the broader upward trend that started earlier this summer. However, the inability to re -test the highest levels of July near 3.70 dollars reflects the pressures and caution in the market.

Currently, monotheism can serve as a base for another fracture, with a move above $ 3.40, opening the door to its highest fresh levels. On the contrary, failure to retain an area of ​​2.85 to $ 3.00 would increase the risk of the downside, exposing XRP to correct about $ 2.50. Traders closely monitor, as the next step is likely to determine whether this unification becomes a starting point or a warning mark.

Distinctive image from Dall-E, the tradingView graph

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