CandleFocus XRP Investors Lose Confidence as Profit-Taking Erodes All-Time High Hopes
2024-12-12
Author: Content Editor
XRP's price has been struggling to break through the resistance level of $2.73, leading to rising profit-taking activity and shaking investor confidence. The spike in realized profits indicates that many investors are choosing to lock in their gains rather than wait for further price increases. The declining Mean Coin Age suggests that long-term holders are losing interest in holding XRP. Despite the bullish momentum in the broader cryptocurrency market, XRP has failed to capture significant gains, impacting market sentiment. XRP's current price of $2.43 faces resistance at $2.73, and it may remain consolidated within the range of $2.73 and $2.00. Breaking above $2.73 would signal renewed bullish momentum.
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