Adding to correction fears, whales have sold over 720 million XRP in recent weeks.
The crypto market is unusually quiet today. Most altcoins are barely moving, with many showing zero to very small gains between 1% to 2%. However, XRP has dropped by 2% in the last 24 hours and is now trading below the $3 mark.
Don’t expect a quick bounce, warns popular crypto analyst Ali Martinez. He believes XRP could be heading for a much deeper correction based on several key indicators.
According to Martinez, a technical indicator known as the Tom DeMark Sequential has flashed a “sell signal” on the 3-day chart, right at the recent top. This has already triggered the current pullback in price.
Although the $3 level has acted as support, Martinez says XRP could fall further. On-chain data shows $2.80 may act as a temporary cushion, but true support lies below $2.48. Whales have already sold more than 720 million XRP…
