XRP Don Fall Below $3 As Volume Surge And Whale Dey Sell Off
XRP price drop sharp by about 8% come near $2.90 as crypto market dey do wahala. Trading volume jump 28% reach $8.2 billion as panic selling dey hit XRP and other big coins. On-chain data show say whales dey sell about $28 million XRP every day for the past 90 days, wey add to $758 million total liquidations, including $41 million XRP positions. Technical analysis talk say things no too good: RSI dey 48 and MACD don do bearish crossover. The main support dey for $2.80–$2.73, resistance dey for $3.00 and $3.23. If e fall below $2.73, e fit target $2.00 level, but if e bounce back $3.00, e fit chase $3.55–$4.00. Exchange balances dey drop and sell pressure dey rise, mean say better caution needed as downside risk still dey for traders.
Bearish
Di kombain reports dey show say bearish pressure for XRP don intensify. The almost 8% drop to $2.90, plus the sharp increase for trading volume and heavy whale offloads, dey point to strong sell-side momentum for near term. Technical indicators like RSI wey dey 48 and the MACD bearish crossover dey support downside bias, with critical support levels at $2.73 and $2.80. If these levels break, e fit drive XRP towards $2.00, driven by continuous liquidations and falling exchange balances. Even though if e rebound over $3.00 fit open medium-term rally towards $3.55–$4.00, traders suppose remain cautious till key resistance return. Overall, all these factors dey signal bearish outlook for XRP both short and medium term.