XRP is currently at a pivotal moment, trading around $3 after a drop of 6.4%. Traders are largely bullish, with 64% predicting it could rise to $4, while 36% foresee a drop to $2. The price movement is impacted by several indicators. The Relative Strength Index (RSI) is neutral at 48, indicating equilibrium in market momentum. Meanwhile, the Average Directional Index (ADX) suggests a strong trend, supporting bullish movement. Additionally, the 50-day exponential moving average (EMA) is above the 200-day EMA, signaling continued upward potential. However, a significant whale sell-off raises concerns about a potential drop to $2.80 as a key support level. Should that break, the bullish narrative would weaken significantly. Whales offloaded nearly $6 billion since mid-July, complicating prospects for a sustained rally despite recent legal victories for Ripple and strong ETF approval probabilities. Thus, while bullish sentiments dominate, the looming risk of significant sell-offs remains a critical variable that traders must consider.

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