According to data from Coinglass, XRP has seen a significant inflow of tokens onto exchanges, suggesting a potential dump and increased selling pressure. The long/short ratio also indicates a bearish outlook. However, XRP has been consolidating in price for the past six days and its future movement depends on breaking out of this range. If it breaches the consolidation and closes above $3.32, there is a possibility it could soar by 32%. On the other hand, if it breaks down and closes below $2.85, it is likely to decline by 10%. The RSI indicates XRP is approaching overbought levels but still has room for further upward momentum. Despite the bearish outlook, XRP is currently trading near $3.25 with a price surge of 1.60% in the past 24 hours, although trading volume has decreased.



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