Here’s that XRP price not after purchasing 250 meters and not proceeded to do further

Despite bitcoin, a fresh all-time above $ 111,000 continues to struggle to retrieve the last high, like high, XRP, many altcoins. In 24 hours, the XRP price recorded a slight 3.6% lead despite a 250 -meter whale step. So, why is the price stalling, and what should traders expect beyond XRP?

XRP price struggles despite buying 250 meters

On-chain data suggests that on 21 May, a whale detected about 250 meters XRP token from the Crackon Exchange. In most cases, heavy Accumulation by XRP whale Often there is a significant advantage in the price as an increase in demand and supply on exchanges.

Here's that XRP price not after purchasing 250 meters and not proceeded to do further — XRP whale activity

However, this time it was not so. In the last 24 hours, the ripple price has raised ups and downs between $ 2.33 daily and daily high $ 2.43. At the press time, the XRP has posted the least benefits compared to other top altcoins such as Solana, Dogin and Cardano.

This approach shows that this purchase pressure was not enough for fuel XRP price rallyAnd this is for many reasons.

Whale, congested long situation, obstructed in XRP rally

The price of the XRP probably failed to move due to more sales pressure than purchasing pressure after the 250 -meter whale step, as the whale dumped the token rapidly as it crossed the $ 2.40 resistance level briefly. Holding between whale 10 meters and 100 meters per satisfaction data per satisfaction dumped 100 meters tokens in the last 24 hours.

Additionally, long traders continue to be liquid as Rekt Data from coating The $ 3m lones were erased in the last 24 hours. It was further added to the whale under sales-side pressure, which led to the stall of XRP despite the purchase of 250 meters.

Data also shows more than binance Take advantage of XRPAnd it is presenting a medium -term risk of price improvement. The ratio of long/short accounts on the exchange is at 3.12, showing that for each 1 short, there are 3 long.

While the above data suggests that the market is rapid, it also shows the congested long position on the connance, and is already deployed with traders, there is a lack of new demand to support short -term rallies.

This setup also increases the risk of XRP value if the market manufacturers, who usually go opposite to the market status, steps to sell and force the price. This can force a reset to wipe the high leverage and give space to increase the price of the ripple.

What is expected from XRP price

As the liquidity from bitcoin altcoins and XRP struggles with the sale of an overleverage futures market and whale, the price $ 2.32 is likely to fall to start to resume the support of $ 2.32. This drop can spark long liquidity that will increase the price by $ 2.16, making a reset that will kick a healthy uptrend at a high level.

The RSI needs to confirm the strength of the faster and make a high high to support the price of XRP. Currently, the RSI is at 55 and north side, and if it maintains the trend upwards, it can help consolidate the XRP brakeout and give a rally fuel by $ 2.61.

Therefore, the failure of the XRP after the race to buy about 250 meters is due to inadequate procurement-side pressure to combat whales and long liquidity. Overlevised long positions can also prevent new buyers, which can lead to XRP price rally stalls.

Frequently asked questions (FAQs)

The XRP price stalled despite buying 250 meters due to whale sales and long liquidity. Whale sold a 100m XRP tokens as long liquidity crossed short liquidation.

The XRP price is struggling as the liquidity of the new Ath drains of bitcoin from altcoins. As the dominance of bitcoin increases, XRP will probably continue the struggle.

Traders should expect the XRP value to continue trading within a tight limit until interest and fresh demand towards ultCin returns is earned.