XRP on-chain data highlights distribution activity among whales, which may weigh down the altcoin’s price in the short term.
XRP (XRP) price has plunged more than 35% since reaching a multi-year high of $3.40 in January — and the downtrend may deepen in April as new bearish signals emerge.
Let’s examine these catalysts in detail.
XRP’s recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.”
