XRP Price Prediction: Whale Transactions Dry Up 57% in Nine Days
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XRP fell to $1.3116 on May 23 after breaking below a five‑month symmetrical triangle base near $1.30 with all four EMAs overhead, leaving no clear support until the February low at $1.15. On‑chain whale transactions over $1M plunged 57% in nine days from 157 to 67, signaling reduced institutional/whale activity, while XRP spot ETFs still bought $9.47M on May 22 and $8.88M on May 21 despite a 15% drop from the CLARITY Act peak, highlighting mixed token performance and potential downside risk for the crypto.
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- XRP broke below the symmetrical triangle base near $1.30 with all four EMAs overhead and no established support before the February low at $1.15.
- Large XRP transactions over $1M dropped 57% in nine days from 157 to 67, pointing to a compression phase as whales step back from the market.
- XRP spot ETFs recorded $9.47M on May 22 and $8.88M on May 21, nine positive sessions in eleven days despite price declining 15% from the CLARITY Act peak.
XRP trades at $1.3116 on May 23, breaking below the symmetrical triangle base that held since February, as whale transaction volume drops 57% in nine days and ETF buyers keep adding at levels the price action is not reflecting.
XRP Daily Chart: Triangle Base Gone, February Low Is Next
The symmetrical triangle that compressed XRP for five months broke to the downside. Price closed …
Read The Full Article XRP Price Prediction: Whale Transactions Dry Up 57% in Nine Days On Coin Edition.
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