XRP Price Correction: Is the Bull Run Over?
XRP's Bullish Momentum Faces Headwinds
XRP's recent price action has investors questioning if its bull run has concluded, particularly after facing resistance around the $3.65 mark. A significant 10% price decrease has been observed, fueled by large-scale selling from whales and broader market liquidations impacting various altcoins.
Factors Contributing to the Downturn
- Whale Activity: Substantial XRP holdings being offloaded by large investors are exerting downward pressure on the price.
- Market Liquidations: Wider market instability and liquidations across the cryptocurrency space are contributing to the negative sentiment surrounding XRP.
Can XRP Recover? Key Levels to Watch
For XRP to regain its bullish trajectory, several key technical levels need to be reclaimed and maintained. Sustained buying pressure and positive market sentiment are crucial for a potential recovery.
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