XRP whales start sales pressure: Large investors distribute tokens and mirrors patterns of the January crash, while a double top forms at USD 3.60.

XRP whales start sales pressure: Large investors distribute tokens and mirrors patterns of the January crash, while a double top forms at USD 3.60.

XRP market analysis: whale flows and resistances

In the past few days, the XRP market has experienced a significant development that have followed both investors and analysts carefully. Various sources report that the rivers are now negative about the activities of large owners, also known as "whales". This indicates that large owners of XRP begin the distribution of their stocks again. These trends are reminiscent of the pattern of the market decline in January.

Another remarkable event is the formation of a so-called double-tip pattern (double top) with a resistance of $ 3.60. This technical signal could be important for dealers and investors, since it often indicates an upcoming trend reversal.

The combination of negative whale flows and the formation of a double-tip pattern could indicate increased volatility in the XRP market. Investors should therefore be careful and adapt their strategies accordingly.

Overall, the current market situation is characterized by uncertainty. Analysts recommend that you observe the trends closely and to keep an eye on potential changes in the trade behavior of the large owners in order to be able to make well -founded decisions.