XRP’s Price Struggles: Is the Worst Selling Pressure Behind Us?

• XRP shows signs of hope as selling pressure eases.
• EGRAG Crypto warns of critical exit pump for XRP holders.
• XRP network slowdown hints at potential stabilization and recovery ahead.

XRP has recently seen a considerable drop in market value, reaching lows not seen since its last recovery cycle. Despite this, there are indications that the worst of the selling pressure might already be behind the cryptocurrency. According to data from the XRP Ledger, a significant spike in payment volumes occurred at the end of January, briefly surpassing two billion XRP transferred in a single day. However, this increase in activity was followed by a sharp drop in transaction volumes.

Although this surge appeared initially to be a positive sign, the context of the move suggests otherwise. XRP’s price was already in decline when the spike occurred, indicating that the surge was likely driven by large holders redistributing and liquidating their positions, rather than being driven by organic growth or adoption. This means that the increase in activity was more about panic-selling and redistribution rather than genuine market optimism, contributing to the selling pressure.

Source: xrpscan

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Could XRP’s Drop in Activity Signal a Shift Toward Stability?

Following the surge in January, XRP’s network activity has dropped by around 95%, signaling a sharp slowdown in transaction flows. While this drastic decrease might initially seem alarming, it could actually signal that the worst of the selling pressure is over. The slowdown could indicate that the panic-selling phase is ending, with fewer large holders aggressively selling their holdings.

Though XRP continues to remain within a downtrend, the frequency of panic-driven volume spikes has diminished, and key momentum indicators are entering oversold territory. This shift in momentum suggests that the market may be nearing exhaustion, and any further price drops may be less severe. If network activity stabilizes at healthier levels, it could lay the foundation for a potential recovery, though investors should stay cautious until clearer confirmation emerges.

EGRAG Crypto’s Insights: A Critical Exit Point for XRP Holders

Crypto strategist EGRAG CRYPTO, as reported by 36Crypto, has issued an update for XRP investors growing increasingly anxious about the asset’s performance. EGRAG highlights the possibility of an “exit pump” in the upcoming market cycle. He pointed out that the blue support channel guiding XRP’s price could determine whether the cryptocurrency will experience a significant rally or continue to struggle.

EGRAG cautioned that if the market remains bearish, the next price surge could be the last chance for profit-taking before a potential further drop. Investors should closely monitor this upcoming price movement, as it may represent a critical opportunity for locking in profits. The market’s direction in the coming weeks will be crucial for XRP holders looking to make decisions regarding their positions.

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