The price of XRP, the native token of Ripple Labs, has dropped by 6% in the past 24 hours and is currently trading near $2.55. This drop in price has led to an increase in trading volume, potentially due to fear in the market. A prominent crypto expert has highlighted that XRP may be set for a pullback, as a technical indicator named TD Sequential has flashed a sell signal on the daily time frame. XRP has reached a crucial support level at an ascending trendline, but with the recent price drop and bearish sentiment in the market, it is likely that XRP will fail to hold this support level. If XRP closes a four-hour candle below $2.50, there is a strong possibility it could drop by 15% to reach $2.10 in the coming days. Despite this bearish outlook, long-term holders and investors have been accumulating XRP tokens, as evidenced by an outflow of $60 million worth of tokens in the past 24 hours. This suggests that some view the current market sentiment and price momentum as an ideal buying opportunity.



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