๐จ XRP reaches US$ 3,05, but signs of a top worry investors
XRP broke the barrier of US$ 3,05, but on-chain data suggests a risk of correction.
๐ Key alerts:
95% of XRP supply is in profit โ Classic sign of a top.
Decline in network growth โ Lower influx of new investors.
Critical resistance at US$ 3,12 and immediate support at US$ 2,94.
When most holders are in profit, many choose to sell. This increases selling pressure, especially if there is no new liquidity entering the market.
๐ If support fails, XRP may return to the range of US$ 2,70โ2,80.
๐ But if it breaks US$ 3,12, it could seek US$ 3,27 and renew optimism.
๐ง Keep an eye on:
Whale activity
Volume on exchanges
Price reaction at resistances
๐ฌ And you, do you believe XRP will break US$ 3,12 or has it exhausted its strength?
Comment below! ๐