After XRP's historical high, whale movements raise speculation: Can the $5 dream become a reality?
XRP, like a brilliant meteor, has shattered the calm night sky, reaching a historical high of $2.49!
Just after this glorious moment, it suddenly began its downward journey, leaving countless XRP holders wondering: Is this the peak of the price? Are there deeper valleys waiting for us in the future?
On the first day, XRP's price dropped sharply by 5.5%, hitting a low of $1.85.
This sudden pullback calmed the previously fervent market in an instant.
Could it be that after a 45% surge, XRP's ascent has already come to an end?
From the RSI indicator, XRP has shown signs of being overbought, with values nearing the warning line of 70. This
usually indicates that the price has been excessively overestimated in a short period, with the pressure for a pullback closely following.
But let’s not forget, the world of cryptocurrency is always full of miracles, just like $DOGE once ignored overbought signals and raced to a high of $0.46.
XRP's situation does not seem so optimistic.
After breaking the historical high of $1.97, it was initially thought that the path ahead was clear for an easy rise.
However, the latest data feels like a bucket of cold water, poured over the hearts of all holders.
Since November 24, those whales holding a large amount of XRP have quietly been reducing their holdings, with an astonishing reduction of 30 million chips!
What secrets lie behind this?
Why would the whales choose to start massive sell-offs after the price hits a new high? Is it profit-taking, or are they sensing the market is about to turn?
These questions hang over the future of XRP like a fog.
For those holding XRP, should it be time to take profits or continue to hold the line? This is likely a question that requires deep consideration.
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