If it is a capital withdrawal, it will be converted into U or other assets remaining in the exchange, rather than directly withdrawing the cryptocurrency.

$XRP Big Sell-off, is it time to consider selling?

XRP, the third-ranked currency in the global cryptocurrency market, has recently been embroiled in controversy. A 'whale' recently sold a large amount of XRP on Coinbase, with a total value of up to $95.5 million!

This is no small amount, raising the question: Does this whale know some insider information and believe that XRP is going to drop? Although many people remain optimistic about XRP, this move by the whale has certainly raised eyebrows.

Looking at the on-chain data, the situation doesn't seem too good. In the past 48 hours, a large amount of XRP has flowed out of exchanges, totaling $55 million. This looks like long-term holders quietly withdrawing; do they think the market is about to change?

However, technical analysis experts don’t agree. They believe that although XRP is currently declining, it may be nearing its end. If XRP can break through the current consolidation area and close above $2.50, it might surge by 15% in the next few days, directly hitting $2.90!

Of course, if XRP can’t hold on and the closing price falls below $2.30, it could be disastrous, possibly dropping another 15% to the $2.00 level.

Currently, XRP's price is hovering around $2.42, and there hasn’t been much activity in the last 24 hours. Trading volume has also dropped by 40%, as it seems everyone is quite scared by the recent volatility and reluctant to act.

So, for friends holding XRP, it's time to think carefully: Should you continue to hold or sell early? That’s something to weigh carefully!

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$XRP
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