In the last 24 hours, there has been an extraordinary mobility in the XRP market. The change of hands of 11.8 billion XRP attracted the attention of investors. This large trading volume brought many questions about what was going on in the XRP ecosystem. The intensification of buying and selling transactions gives important clues about the direction of the market.
Large sales wave in XRP and the reaction of buyers
There has been a sharp decline in the price of XRP in recent days. The large wave of sales in the market caused the price to decline rapidly. However, buyers are trying to alleviate this sales pressure by activating. The process data shows that the demand is starting to increase again.
The rapid recovery of XRP at low levels shows that some investors consider this decline as a purchase opportunity. However, the market maintains fragility. Investors carefully monitor to see if this is a permanent turn.
Are the critical support levels broken?
Despite the latest rise, XRP broke some important levels of support. The price fell below $ 2.16 and fell to $ 1.61 for a short time. This shows that the market is still in the high risk zone.
If recipients cannot show enough power, XRP can test $ 1.50 in the short term. While the volatility in the market continues, investors are trying to understand which direction the price will go.
Does a new rally start for XRP?
If the buyers maintain pressure, XRP may rise above $ 2.50. This can confirm that the last decline is only a temporary correction. However, market sensitivity may change rapidly. If the sellers gain strength again, the price may go below $ 1.60.
Now everyone’s eye is in XRP. “Can buyers can handle control?” The question is of great importance. Is this a volume boom a trend change or a short -term reaction? The market is looking for the answer to these questions.
Investors are curious about the direction of XRP
This sudden mobility in the XRP market divided investors into two. Some people see this as a great opportunity and turn to purchase, while others think that risk is still high. “Will the price go up here or will we see a harder drop?” The question is in everyone’s mind.
If bulls can dominate the market, XRP may enter a strong recovery process. However, if the bears go back to the stage, the volatility increases and new bottom levels can be seen. The coming days seem to determine the fate of the XRP.
