The encryption whales seem to return to the market with the aim of collecting the largest possible market that tests a free decrease. Recently, the Coinglass Series Company revealed that the long -term whales and their pregnant women showed strong interest and confidence in XRP, the original symbol of Ripple Labs.
$ 155 million of XRP flow
Data It revealed that the exchanges witnessed a large flow of $ 155 million of XRP distinctive symbols. This large external flow is a clear sign of accumulation and suggests a potential purchase opportunity.
The Possible Analysis Company has witnessed this potential accumulation, as Altcoin has witnessed a decrease in prices by more than 16 % in the past 24 hours. With this significant decrease, XRP is currently trading near the level of $ 2.50 and attracts a wonderful participation of merchants and investors, which leads to an increase of 210 % in the trading volume.
Traders highly reduce XRP
However, traders during the day seem to benefit from the current market morale because they shorten the power of XRP symbols.
At the time of the press, trade operations are greatly excessively at $ 2.50, with Bulls occupies long jobs worth $ 14 million, believing that XRP will not be less than this level. Meanwhile, sellers are excessive at the level of sellers at a level of $ 2.85, and they are worth $ 111 million in short positions.
This data indicates that the open sellers currently dominate assets and can easily filter 14 million dollars.
Xrp technical and next analysis
According to expert technical analysis, XRP has violated the level of decisive support and it seems that it is likely to continue to decrease its prices.
Based on modern prices of prices and historical momentum, if XRP fails to retain $ 2.55, there is a strong possibility that can decrease by 25 % to reach a level of $ 1.90 in the coming days.
