XRP “distribution” records the registry level where altcoin is trading less than $ 3

On March 2, XRP recorded a huge march of 34.15 %. The price pump came after US President Donald Trump announced that XRP (XRP) It will be included in the American strategic encryption reserve alongside Solana (Sol) And Cardano (Ada).

However, Altcoin has regained 50 % of its gathering on March 3, and one of the analysts highlighted that the XRP whales may move behind the scenes.

Selling XRP whales at record levels

With the current XRP at 30 % less than its height at all, the founder of the Cryptoquant Ki-Young JU implicitly that the large XRP addresses may be tolerated. With the help of the XRP size bubble map High The increasing activity is between $ 2 and $ 3 during the past month.

Although the large size activity can be synonymous with buyers, Young-JU stated that Altcoin is currently distributed.

From a technical perspective, the “distribution phase” describes a stage in the market cycle where the main investors gradually sell their property to lock profits, which usually occurs near the rise in the upward trend.

Likewise, Maartunn, ONSAIN analyst, has been verified, certain XRP is subject to the distribution stage. With the help of whale flow analysis, the analyst determined that the negative flows of the whale calculated with a 30-day average (30-DMA) reached a low level at all. The analyst added,

“This scale shows the flow of whales. They are emptying $ XRP as it has never been just before.”

Meanwhile, XRP exchange reserves on Binance as well registered A sharp increase from 2.72 billion to 2.90 billion symbols. The rise in the exchange reserves indicates high pressure pressure, which corresponds to the above -mentioned development of the XRP distribution stage.

Related: XRP price to 18 thousand dollars? – One group of encryption “research” says it is possible

The analyst says that XRP is in trouble less than $ 2.50

Despite the last gathering, DOM, XRP market analyst, I mentioned Altcoin failed to maintain a high value at all for the average price of 2.70 dollars.

In order for the trend to maintain any gathering in the future, it is important for Altcoin to occupy a location above $ 2.50.

However, Dammami Devi, an encrypted investor, believes that the HTF is an increase in the highest uniformity of the main resistance and the rising direction line. Investor Addand

“With Trump’s support $ Xrp For the American reserve, as soon as you turn this level, it is a game to discover prices. “

On the contrary, Matt C, Cyber ​​Security Engineer and Bitcoin, to reject XRP bullish behavior and select the formation of a back and shoulder head for the country. With the RSI (RSI) index, which is the highest level in XRP, Bitcoin lovers believe the current mutation of Altcoin is the “exit liquidity” of the masses.

Related: Bitcoin returns to less than 90 thousand dollars where Crypto Market filled $ 150 million in hours

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.