XRP Might Crash Below 1 Dollar If Those Whales Don’t Stop Selling 💀
Martinez painted this super bearish picture for our fave altcoin warning it might slide all the way to those August lows at 0.98 if these shady on chain moves keep happening 📉. First he noted how the wallets holding between 10 million and 100 million tokens dropped from 351 to 339 lately. He thinks this drop means some of the biggest holders are probably cashing out a bit. At the same time exchange balances went the other way with XRP on those centralized platforms jumping from 11.003 billion to 11.05 billion tokens real quick meaning another 50 million coins ready to hit the market 🐋. The combo could turn messy if the whales keep sending tokens over since more supply might crank up the selling pressure even more 😭. His big technical line sits at 1.26 which he calls the lower edge of this channel XRP has been stuck in since August. Breaking under that hard could first push things toward 1.11 then lower to 0.98 for the bears which would be another 22 percent drop from there 🔥.Is A Macro Bottom Forming Now 🌙
EGRAG CRYPTO came in with this way more bullish take instead arguing XRP could be building a triple bottom setup before some face melting upside phase 🚀. He zeroed in on the 44 week moving average calling it the current fight zone between bulls and bears. If XRP closes above that on the weekly chart it might spark a real decisive shift 🖤. All this means these two are eyeing totally opposite outcomes from this important support area. While Martinez spots weakening whale action higher exchange balances and a possible break under 1.26 EGRAG sees the bigger picture as possible accumulation before a major pump tho. XRP still needs to reclaim that key weekly moving average to make it happen lol.Just another echo from the void by iconofsin.eth 💖
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