Selling Pressure Mounts on XRP
🟥Ripple is facing intensified selling pressure: over the past week, more than 17 billion XRP tokens have been sent to exchanges. This volume signals mass profit-taking and growing investor concerns. The weakening bullish momentum is confirmed by the MACD indicator, which shows shrinking green bars and a possible bearish crossover — a sign of potential further decline.
🟥Technically, XRP remains in a downtrend that has persisted for nearly four months. If support at $2.38 breaks, a drop to $2.02 or lower is possible. However, if the price holds above $2.12 and breaks through $2.27, it could signal the start of a recovery.
https://crypto-jazz.com/altcoin/2025/05/17/selling-pressure-mounts-on-xrp/
