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XRP Price May Lose $2 Support This Week...But Here is a Catch š
On January 8th, Tuesday, the crypto market witnessed a surge in selling pressure as $BTC correction neared a $90k breakdown. Defying the broader market correction, the $XRP price bounced 4%, projecting its resilience and sustainability above key support.
$XRP price trades at $2.36, with a market cap of $135.2 Billion and a 24-hour trading volume of $7.5 Billion.
Key Highlights:
The XRP price prolongs its short-term consolidation within the formation of a pennant pattern.Crypto whales sold millions of XRP coins, increasing the likelihood of a breakdown below the triangle support.
The #RippleCrypto has witnessed significant selling pressure as whales offloaded 60 million tokens over the last 24 hours, according to analysis by Santiment.
However, with the current market correction, the #XRPPriceTargets could plunge 10% and tease a breakdown below the lower trendline. If successful, the selling pressure will accelerate and extend the downfall to $1.12.
This Is Not An Investment Advise...#CryptoNewsWithWarner
$XRP price trades at $2.36, with a market cap of $135.2 Billion and a 24-hour trading volume of $7.5 Billion.
Key Highlights:
The XRP price prolongs its short-term consolidation within the formation of a pennant pattern.Crypto whales sold millions of XRP coins, increasing the likelihood of a breakdown below the triangle support.
The #RippleCrypto has witnessed significant selling pressure as whales offloaded 60 million tokens over the last 24 hours, according to analysis by Santiment.
However, with the current market correction, the #XRPPriceTargets could plunge 10% and tease a breakdown below the lower trendline. If successful, the selling pressure will accelerate and extend the downfall to $1.12.
This Is Not An Investment Advise...#CryptoNewsWithWarner
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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