XRP whales are not interested in 40 % of the decrease: XRP Blockchain offers
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The investor’s confidence was shaken before XrpA 40 % sharp decrease, but the data on the chain indicates that adult holders are not interested. The fact that the size of the XRP payment, the number of active accounts and the burned fees are all relatively stable, although the sharp sales indicate that the whales may not be in a hurry for sale. Xrp He decreased to $ 2.00 after reaching the highest local level of about $ 3.40.
It has broken less important moving averages like 50 EMA at $ 2.61 and 100 EMA at $ 2.15. The ability of the original to maintain its bullish structure is a question by this sharp decline. The level of $ 2.00 works as a basic psychological support at the present time. If it collapses, XRP may fall to 200 EMA, which is located at $ 1.60.
The decline in this level would expose XRP a major risk of recovering more, and perhaps to $ 120, a historical significant area that was previous resistance. To restore bullish momentum, XRP needs to recover $ 2.61. The trend is still down until XRP crosses more than $ 3.00, but the successful bounce of 100 EMA at $ 2.15 may lead to a relief raising. Although the last price collapsed, XrpThe payment volume remained fixed when examining the scales on the chain.
This indicates the use of the consistent network and indicates that important transactions are still taking place. In a similar context, the amount of active accounts has not decreased significantly, indicating that XRP owners do not escape in large numbers. Usually, large drops are followed by a decrease in active addresses, but this is not the case in this case. Burning Xrp As a fee, which remains at normal levels, it is another important factor.
This scale is likely to face an unusual rise, indicating an increase in the activity of transactions on the chain if panic is widely sold. The original may be in a long decline. If the XRP bulls are not able to get $ 2.00 support, then the main main levels of monitoring are $ 1.60 and $ 1.20. However, XRP may have an opportunity to photograph this bad landing trend if purchasing pressure picks up and regains $ 2.61.
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