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

XRP

XRP/USDT

$1.1398

+3.77%

$1.1398

+3.77%

(24s)

24h Volume

$1,096,905,974.65

24h H/L

$1.15 / $1.0884

Change: $0.0616 (5.66%)

Long/Short

74.9%

Long: 74.9%Short: 25.1%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.1474

▲ 4.58%

Volume (24h): -

Resistance Levels

Resistance 3$1.2992

Resistance 2$1.22

Resistance 1$1.1677

Price$1.1474

Support 1$1.1131

Support 2$1.0501

Support 3$0.8986

Pivot (PP):$1.1313

Trend:Downtrend

RSI (14):36.8

Ananda Banerjee

(05:30 PM UTC)

1 min read

Reviewed byJames Mitchell

548 views

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.