
XRP could crash 15-20% in December due to bearish technical conditions and signs of growing distribution by whales.
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XRP’s gains of 36.83% this quarter is its highest quarterly rise since Q1 2023.
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An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.
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XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
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XRP is currently mirroring a trend from the April-June 2021 that preceded the price falling by 65% in the following months.
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The so-called “mega whales” have accumulated over $712 million worth of XRP tokens since December 2021.
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The XRP price chart is painting a golden cross while rising inside an ascending channel.
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