While some analysts see XRP's recent price drop as a chance to buy, a large 130 million XRP sell-off by whales raises concerns about further price decline. XRP's price fell below $2 for the first time this year before recovering to $2.40, marking a 15% daily loss. An X user predicted the plunge and encouraged buying the dip, but the massive sell-off could create downward pressure on the price.
Some analysts see XRP ’s recent price plunge as a golden buying opportunity rather than a reason to panic.
However, a massive 130 million XRP sell-off by whales raises questions about whether the correction is over or if more downside is ahead.earlier today , the cryptocurrency market witnessed a substantial crash. Ripple , which was at the forefront of gains in the past few months, has joined the club of the biggest losers .
Its price briefly tanked below $2 for the first time this year before recovering to the current $2.40 . This represents a whopping 15% daily decline.The popular X user EGRAG CRYPTO successfully predicted the plunge, adding that $1.90 is “the last line of defense.” They also opined that the ongoing correction is the perfect “buy the dip” opportunity. “If you’re looking for a dip to buy, this is it. But don’t let fear hold you back,” the analysttheir 340,000 followers on the social media platform that they sold their house to accumulate more of Ripple’s native token.whales have sold 130 million XPR in the last 24 hours.A mass sell-off can create downward pressure on the price, while accumulation can have the opposite effect.
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XRP Cryptocurrency Market Whales Sell-Off Buying Opportunity
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