Smart Money is Leaving XRP: Will Ripple’s Altcoin Dump?

XRP

XRP/USDT

$0.9991

-0.49%

$0.9991

-0.49%

(24s)

24h Volume

$283,505,839.97

24h H/L

$1.0068 / $0.9972

Change: $0.009600 (0.96%)

Long/Short

78.6%

Long: 78.6%Short: 21.4%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.0014

▼ -0.14%

Volume (24h): -

Resistance Levels

Resistance 3$1.0364

Resistance 2$1.0175

Resistance 1$1.003

Price$1.0014

Support 1$0.9869

Support 2$0.8330

Support 3$0.7530

Pivot (PP):$1.003

Trend:Downtrend

RSI (14):35.7

Ananda Banerjee

(05:30 PM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

XRP price sits less than 1% above the floor of a three-month rising channel, after smart money’s quiet exit on May 17 triggered a chain of bearish technical signals.

The last time smart money bailed this way, in late April, XRP slid 7%. With whales now distributing and retail still selling, the bull channel’s lower edge has rarely looked this exposed.