XRP Whale Flows Turn Negative, Is $3 Support Level At Risk?
The post XRP Whale Flows Turn Negative, Is $3 Support Level At Risk? appeared on BitcoinEthereumNews.com. XRP price is under pressure again as large holders, often referred to as whales, begin to move their tokens out of long-held positions. The $3 level, which has served as a solid base in recent weeks, may soon be tested. This shift in XRP whale activity is drawing attention and raising questions about the current strength of the market. XRP Whale Outflows Raise Fresh Stability Concerns According to CryptoQuant, flows from large XRP wallets have dropped sharply. This reflects a pattern of outflows that is starting to mirror what was seen earlier this year. XRP Whale Flows | Source: CryptoQuant At that time, between January and February, steady selling from whales led to a local XRP price top, followed by a correction. Now, data from The Enigma Trader shows the 90-day moving average of whale flows has turned negative again. In simple terms, more XRP is leaving major wallets than entering. Notably, the current move is not as sharp as before, but the direction is the same, and that in itself can be telling. So far, there is no sign that whales are starting to buy again. Market watchers say that unless we begin to see daily inflows of over five million XRP into these wallets, price momentum may remain weak. Whale flows often act as a signal for broader market direction. When experienced investors pull back, other traders tend to follow. It is important to mention that this does not always mean a crash is near, but it does suggest that support at $3 is at risk. If the outflows continue and buying pressure remains low, the XRP price could slip below that key level. The mood may shift quickly without signs of strength from big players or XRP whales. Away from the charts, some positive developments are taking…
The post XRP Whale Flows Turn Negative, Is $3 Support Level At Risk? appeared on BitcoinEthereumNews.com.
XRP price is under pressure again as large holders, often referred to as whales, begin to move their tokens out of long-held positions. The $3 level, which has served as a solid base in recent weeks, may soon be tested. This shift in XRP whale activity is drawing attention and raising questions about the current strength of the market. XRP Whale Outflows Raise Fresh Stability Concerns According to CryptoQuant, flows from large XRP wallets have dropped sharply. This reflects a pattern of outflows that is starting to mirror what was seen earlier this year. XRP Whale Flows | Source: CryptoQuant At that time, between January and February, steady selling from whales led to a local XRP price top, followed by a correction. Now, data from The Enigma Trader shows the 90-day moving average of whale flows has turned negative again. In simple terms, more XRP is leaving major wallets than entering. Notably, the current move is not as sharp as before, but the direction is the same, and that in itself can be telling. So far, there is no sign that whales are starting to buy again. Market watchers say that unless we begin to see daily inflows of over five million XRP into these wallets, price momentum may remain weak. Whale flows often act as a signal for broader market direction. When experienced investors pull back, other traders tend to follow. It is important to mention that this does not always mean a crash is near, but it does suggest that support at $3 is at risk. If the outflows continue and buying pressure remains low, the XRP price could slip below that key level. The mood may shift quickly without signs of strength from big players or XRP whales. Away from the charts, some positive developments are taking…
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