🚨 Alert $XRP Bears are in control!
Hello! 👋 Let me clarify what's happening with XRP right now - and the situation doesn't look pretty! 📉
## 📊 Current Situation
**XRP is in trouble, friends!** The token has:
- 🔻 **decreased 7%** over the past week since September 18
- 💔 currently struggling around the range **$2.93-$2.94**
- 🎯 **$3 target** seems increasingly out of reach before the end of the month
## 🐋 Whale Drama Unfolds
This is where it gets interesting (and concerning):
### 1. **Short-term holders are fleeing** 🏃♂️
- Short-term holders (1-3 months) are selling **steadily**
- Their control has dropped **5% in just 3 days** to 10.72% of the supply
- When these quick-reacting investors sell, it often signals upcoming troubles!
### 2. **Whales are swimming away** 🐋💨
- Big players (holders of 10-100 million XRP) have shed **90 million tokens** since September 19
- This mass exodus of whales sends red flags 🚩 about market confidence
## 📈 Technical Analysis Says...
Charts paint a bearish picture:
- 🌩️ **Below the Ichimoku Cloud** = confirmed downward trend
- 💪 **Resistance levels** at $2.93 and $3.04 act as brick walls
- ⚠️ **Potential drop** to $2.78 if selling pressure continues
**But wait!** There is still hope: if buying momentum increases, XRP could bounce back towards $2.99 and maybe challenge the stubborn $3.04 resistance! 🚀
The information does not constitute investment advice
