Despite the downward dynamics of the XRP course, key investors try to compensate for the negative impact. The whales of the XRP are uncertain The activity of the whales was a major factor in the recent decline of the XRP course. Indeed, over the last seven days, the addresses holding between 100 million and 1 billion XRP have sold more than 1.12 billion XRP, worth 2.34 billion dollars. This reduced their total assets to 8.98 billion XRP. The activity of sale of these whale addresses reflects a prudent vision concerning the XRP. Although sale by crypto whales often indicates uncertainty on the market, it is important to note that their behavior can also lead to considerable short -term price movements. Thus, this recent massive sale of XRP whales could point out that participants in this market are uncertain about the evolution of the Ripple Crypto in the short term, and additional lower lower trends could follow if this continues. XRP detention by whales. Source: Santiment at the level of the entire market, the macro dynamic of XRP shows signs of divergence compared to the sale of these whales. Indeed, the indicator of liveliness, which follows the behavior of long -term holders (LTH), is currently down. A drop in liveliness generally indicates that LTH accumulates more assets at lower prices rather than selling. This decrease to a hollow of three months therefore suggests that long -term holders remain convinced of the potential of Altcoin and buy from XRP en masse, even when the sale of whales intensifies. This constant accumulation of LTHs could thus help to amortize the lowering effect created by whales. This behavior can counter the sale pressure, which could in turn bring a certain stability during the XRP and support a recovery if the market conditions improve. Vivacity of XRP. Source Glassnode A still undecided course The XRP course fell 14.5 % this week, bringing it to $ 2.09, dangerously close to a loss of critical support of $ 2.02. The current downward dynamics has also created contradictory signals on the market, which are still likely to maintain the course in a narrow range. If the XRP manages to bounce from the support level of $ 2.02, it could recover part of the recent losses. However, Altcoin could also remain in consolidation below the level of resistance of $ 2.27, unless more positive news or market conditions emerge to push it higher. Analysis of the XRP course. Source: TradingView If the XRP price crosses the barrier of $ 2.27 or falls below $ 2.02, this could question its current perspective of consolidation. Finally, a successful breakthrough of $ 2.27 could open the way for a resumption of the course, with $ 2.56 as the next key target. Morality of history: The whales of the XRP are sometimes the worst enemy of the XRP. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
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