An XRP whale has dumped 18.03 million tokens, worth $10.39 million, to the Bitstamp exchange. This could create selling pressure on XRP during the current bearish market sentiment. XRP's price has declined by 1.8% in the last 24 hours and is currently trading near $0.578. Despite the dump, XRP is still considered to be in an uptrend as it is trading above the 200 EMA. If XRP manages to close a daily candle above the $0.60 level, it could potentially soar by 20% to the $0.75 level. However, it may face resistance near the $0.65 level. XRP's on-chain metrics indicate a bearish trend, with a long/short ratio of 0.96 and a decline in future open interest.



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