$XRP
🔍 Ripple's XRP sees over $4 billion in profit-taking following surge in whale activity
👀 Ripple's XRP declined briefly after South Korea declared martial law.
👀XRP whales have weathered over $4 billion in realized profits in the past three days.
👀XRP could spring to a new all-time high if it recovers above the $2.58 level.
🔥 Ripple's XRP is down 5% on Tuesday after news of South Korea declaring martial law sparked a surge in selling activity and significant profit-taking among investors. However, whales have stepped up buying pressure as the remittance-based token looks to stage a recovery.
XRP's rally temporarily affected by halting of trading in South Korean exchanges
After its impressive rally in the past week, XRP briefly declined 7% on Tuesday following news of South Korean President Yoon declaring martial law. The news triggered panic selling among investors, with prices on Korean exchanges deviating from the general spot market.
🚀 XRP could spring to a new all-time high if it recovers above $2.58
XRP is testing the $2.58 level of a key rectangle channel after sparking over $86 million in total liquidations in the past 24 hours — higher than Bitcoin's, per Coinglass data. Liquidated long and short positions accounted for $41.74 million and $44.91 million.
