XRP drop under $3 as Binance whale dey sell plenty; analyst dey warn say e fit reach $2.60
XRP price don drop 5% go below $3 after Binance whale dem start dey transfer plenty, e trigger sell-side pressure. Analyst Ali Martinez talk say if bearish momentum strong well-well, token fit fall reach $2.60 or even lower. On-chain data from CryptoQuant show say whale-to-exchange flows don increase, technical analysis still dey talk say RSI momentum weak plus Bollinger Bands dey test the lower band around $2.95. Key support levels dey for $2.80 and $2.60, with $3.20 as main resistance for any bullish reversal. Even though short-term signals be bearish, adoption news like Imagen Network join XRP for instant settlements dey support better long-term outlook. Traders suppose dey watch how e go consolidate around $3 and oversold conditions wey fit make am bounce back.
Bearish
Di spike wey dey for Binance whale-to-exchange transfers plus 5% drop under di $3 support level dey show say sell-side pressure don tanda for XRP. Di on-chain metrics dey confirm say di liquidation risk dey grow, and technical indicators like RSI weakness and Bollinger Bands wey dey test di lower band dey point say di downward momentum go still continue. Di analyst dem forecast say e fit drop reach $2.60 wey dey make bearish sentiment strong. Even though adoption news from Imagen Network dey support long-term value, di immediate outlook still dey bearish as traders dey respond to oversold conditions and broken support zones. From history, similar whale-driven sell-offs dey cause short-term price drop before any rebound, wey dey make people dey cautious for their trading moves.