The crypto market experienced selling pressure, causing a potential breakdown in Bitcoin's price. However, XRP defied the market correction and saw a 4% increase, showing resilience and sustainability. Data suggests that whales have been selling off XRP tokens, raising concerns about downward momentum. The XRP price has been trading within a pennant pattern, indicating a potential imminent breakout. If the price successfully breaks below the lower trendline, it could decline by 10% to $1.12. Conversely, a breakout above the trendline could set a target of $4.5.
- Content Editor ( cryptonewsz.com )
- 2025-01-08
XRP Price May Lose $2 Support This Week, But Here’s a Catch