| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- A prominent XRP whale has transferred 30 million tokens to an exchange, resulting in increased selling pressure.
- The cryptocurrency has lost crucial support at the $0.5 price level.
- The Relative Strength Index (RSI) indicates high selling pressure in the market.
As XRP loses crucial support at the $0.5 price level, a significant whale transfer of 30 million tokens to an exchange adds to the selling pressure. The RSI indicates a bearish market for the digital asset.
XRP Whale Transfer Exacerbates Selling Pressure
A prominent XRP whale has transferred a staggering 30 million tokens to an exchange, adding to the bearish sentiment engulfing the digital asset market in the past 24 hours. This move, possibly a cash out, has led to increased selling pressure, pushing the token on a downward trajectory. As per blockchain data, the trading volume of XRP, the seventh largest digital asset, surged by 52.33% in the past 24 hours, while its market capitalization stands at $27.2 billion.
XRP Loses Crucial Support at $0.5
As of 1:32 a.m. ET Monday, the price of XRP stands at $0.4925, down 3%. Pro-XRP lawyer Bill Morgan highlighted on social media that XRP had lost the $0.5 price level and is currently trading at $0.4. This loss of crucial support has further dampened investor sentiment.
RSI Indicates Bearish Market
According to the chart provided by TradingView, the Relative Strength Index (RSI) for XRP/USDT on a daily time frame has turned bearish, reading 37.63. This indicates that the bears are currently in control of the XRP price action, with sellers dominating the market. If the situation persists, the token might go into the oversold region. In March, the price of the digital asset rose as high as $0.744 but went as low as $0.4188 in mid-April. Investors are now hoping for XRP to strengthen its price action above $0.5.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
The recent whale transfer and loss of crucial support at the $0.5 price level have led to increased selling pressure for XRP. The RSI indicates a bearish market, with the potential for the token to enter the oversold region if the current trend continues. Investors will be closely watching for any signs of a recovery above the $0.5 price level.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
