Signs of price correction show

XRP has recently faced great pressure for sale, threatening to extend the multi -month downtown.

Despite the previous gains, investors seem to book profits, which may lead to a price correction that can stop the ALTCOIN recovery.

XRP investors move for sale

Exchange reserves showed a sharp rise last week, as more than 17 billion XRP were sent to Binance in just seven days. This amount, which is worth more than 40.2 billion dollars, reflects investor movements to secure profits or collapse even after the recent high prices. The increase in the sale is similar to a similar event in February 2024, which was soon followed by a Decrease in the price of XRP.

Such a sale is widely indicated that the market is cautious, as their holders do not want to risk the contraction of the potential contraction. A achieving profit reflects the uncertainty, which makes the price correction short -term is likely to exceed the supply.

Technical indicators such as the MACD point towards weakening of the bullish momentum. The reflection of the momentum will be confirmed if the MACD line crosses the bottom of the (red) signal line, indicating a downward intersection. This pattern is often preceded by increasing sales activity and descending price movement.

Currently, a MACD graph shows green straps, which also means that the upward trend loses steam. If the intersection happens soon, XRP can face Intensifying the pressure pressure, which would lead prices to a decrease in and deepening the continuous landing trend.

The XRP price faces the declining direction

Xrp below 6 % in the past 24 hours, trading at $ 2.39. Altcoin is being held below the declining direction line for about four months, indicating a possible continuation of its decrease. This technical resistance is a great challenge to any restaurant in the short term.

If the XRP price fails to obtain $ 2.38, it may face a correction to $ 2.12, with more pressure on the price for about $ 2.02. A fracture of less than $ 2.02 is likely to accelerate losses, which may lead to a decrease in XRP to $ 1.94 or less, which represents a large setback for investors.

On the contrary, the bounce of $ 2.12 and stirring 2.27 dollars to support can cause renewed bullish momentum. This step will pave the way for XRP for challenge Resistance at $ 2.56. The transcendence of this level would nullify the declining thesis and could represent the end of the extended trend, which provides hope for continuous price recovery.