XRP Coin reached $ 3.41 on January 16, seeing the highest level of all time (ATH). However, after this summit, the price was faced with resistance at the level of $ 3.27 and found a strong support at $ 2.94. In recent weeks, XRP has a horizontal course between these two levels.
Increase in profit sales, XRP CoinPrice It threatens its ascension
Although the latest price movements indicate that the balance between buyers and sellers is preserved, the top-chain data indicates that there may be a fall-oriented break. If the sales pressure increases, a significant decline in the XRP price may be seen.
With the rise of Bitcoin in November 2024 and the victory of Donald Trump in the US presidential elections, the XRP gained 500 %. However, after this sharp rise, there was a short -term correction and the price was fluctuated in the range of $ 2.6 – $ 2.0. In January, the XRP Coin exceeded the $ 3 level and reached a new summit of $ 3.41.
Despite this rise, the XRP is currently trading in a certain price range. Although it seems to be balanced between buyers and sellers, some over -chain data show that bears (investors waiting for a decline) gain strength.
In particular, the XRP’s market value / MVRV ratio indicates that the price may be extremely valuable. According to centimeter data, the 7 -day MVRV ratio of the XRP is 1.50 %and the 30 -day ratio is 14.17 %. This shows that many investors are profitable and that a possible wave of sales can withdraw the price.
What does the movements of whales mean to XRP?
XRP whales (investors holding a large amount of XRP in the market) reducing their assets in recent weeks is also a factor that increases sales pressure. According to centimeter data, large investors holding 10 million to 100 million XRP sold 1 %of their assets after making price peaks. In the last month, this group has disposed of a total of 60 million XRP and brought sales pressure of $ 180 million.
Sales of whales can have a negative effect on the price, especially when there is not enough buyers in the market. If this sales trend persists, the XRP price can be expected to enter a decrease trend.
XRP Price Estimation: Does it fall for $ 2,13 or does it exceed $ 3.41?
If the horizontal channel in which the XRP is currently traded is broken downward, the price may decrease below $ 3 and may decline to $ 2.13.
However, if investors stop the profit sales and re -purchase again, the price of the XRP may increase to $ 3.41 by exceeding the $ 3.27 -dollar resistance. If the market conditions are positive and demand increases, XRP may also be able to break a new record.
In the coming weeks, it will be important that investors carefully follow their whale movements and MVRV rates carefully. In which direction the price will move, it will depend on the strategies of big investors and sales pressure throughout the market.
