XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off
After a notable upside rally in the past, $XRP , the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.
Whale Dump 40 million XRP Token
Today, December 4, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) that a crypto whale had dumped a significant 39.99 million of XRP tokens worth $103.18 million. This mass
This chart shows SAND/USDT in a bullish continuation pattern.
The price is consolidating within a symmetrical triangle, with higher lows and lower highs converging toward a breakout point.
The EMA Ribbon is acting as dynamic support, indicating strong bullish momentum.
The RSI is showing a slight bearish divergence but remains above 57, suggesting momentum is still healthy. A breakout above the triangle's resistance (black line) could lead to a sharp price increase (blue arrow) toward the next key resistance level near $1.
Volume is slightly decreasing, but an increase in the breakout would confirm the bullish move.
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