XRP, the native token of Ripple Labs, is expected to experience a price correction as its chart signals a sell-off. This bearish outlook is supported by the recent dumping of 39.99 million XRP tokens, worth $103.18 million, by a crypto whale on Coinbase. Technical analysis also shows the formation of a bearish head-and-shoulders pattern, indicating a potential 20% price decline if the neckline is breached. However, there are signs of potential upside momentum, including XRP's RSI close to the oversold zone and trading above the 200 EMA on the daily timeframe. Nonetheless, on-chain metrics and market sentiment suggest that bears are currently dominating XRP, leading to a possible price correction or decline in the near future.



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