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

XRP

XRP/USDT

$1.4232

+1.32%

$1.4232

+1.32%

(24s)

24h Volume

$1,228,049,295.27

24h H/L

$1.4327 / $1.4012

Change: $0.0315 (2.25%)

Long/Short

74.0%

Long: 74.0%Short: 26.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4201

▲ 0.55%

Volume (24h): -

Resistance Levels

Resistance 3$1.6185

Resistance 2$1.5472

Resistance 1$1.4461

Price$1.4201

Support 1$1.3872

Support 2$1.3098

Support 3$1.1936

Pivot (PP):$1.4114

Trend:Sideways

RSI (14):61.8

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.