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    Home ยป XRPs Prospects Under Pressure as Large Investors Exercise Caution Amid Legal Hurdles
    Altcoin

    XRPs Prospects Under Pressure as Large Investors Exercise Caution Amid Legal Hurdles

    By adminOct. 22, 2024No Comments1 Min Read
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    XRPs Prospects Under Pressure as Large Investors Exercise Caution Amid Legal Hurdles
    XRPs Prospects Under Pressure as Large Investors Exercise Caution Amid Legal Hurdles
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    XRP has been under significant downward pressure due to bearish technical indicators and ongoing legal issues.
    While recent signs of recovery in the Relative Strength Index (RSI) suggest that selling pressure might be easing, uncertainty remains.
    XRP
    whales, or large holders, have kept their positions largely unchanged, indicating a lack of confidence in a price rebound.
    Currently, there are 285 wallets holding between 10 million and 100 million XRP, with little fluctuation over the past week, reflecting a cautious stance among these major investors.
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    Crypto Trader Turns $296 into 209,000% Profit in Hours
    Monitoring whale activity is essential, as these holders can greatly influence market sentiment and price movements.
    The steady number of large wallets suggests that key players are not yet convinced that XRP is poised for a significant price surge, making a strong upward trend appear unlikely until they start accumulating more aggressively.

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