The situation in the XRP market remains tense. Recent pressure from major holders and concerns about future price dynamics raise serious questions among analysts regarding the token's future.
Key Levels for XRP
Analyst EGRAG CRYPTO pointed out the critical level at $3.30, which he believes will be decisive for XRP's further movement. A monthly close above this mark could serve as a launch pad for future changes. Charts show that this level has already become a psychological barrier for investors, and breaking through it could accelerate growth.
Pressure from Major Holders
The situation is aggravated by aggressive selling from major holders. According to analysts, nearly 470 million XRP has been sold over the past ten days, creating additional downward pressure on the price. As a result, the current price of XRP is $2.89, significantly below key support levels.
Future Outlook for XRP
The situation for XRP will become clearer over the next 12 days. If it manages to close above $3.30, it could strengthen market confidence. On the other hand, failure to regain momentum may lead to further decline. Predictions remain uncertain given the current pressure from major investors.
XRP is on the brink of an important phase, and the coming days will be decisive for its price movement. How major holders' activity will affect the market and which levels will hold the price remains to be seen.
