🚨 THIS MONTH IS BAD FOR $XRP HOLDERS 🚨
Here are the key points about the current state of Ripple (XRP):
- Ripple traders have lost over $75 million in July .
- Whales have sold their XRP holdings at a loss, while retail investors have bought .
- XRP price has dipped below key support at $0.4508, the June 7 low
- Market Value to Realized Value (MVRV) has entered the opportunity zone, indicating a potential rebound .
- XRP faces resistance at $0.4955, and a close above this level could invalidate the bearish thesis .
After recovering from its recent dip, XRP might rise beyond the Fair Value Gap (FVG) between $0.5008 and $0.5164.
he bearish thesis for XRP might be disproven by a daily candlestick close above $0.4955, the 23.6% Fibonacci retracement of the slide between the March 11 high of $0.7440