The XRP price decreased by 2.67 %in the last 24 hours to $ 2.83 and the weekly loss increased to 7.5 %. Despite this withdrawal, Ripple 
$2.80Token’s Token is over 30 %in the last three months, maintaining the general ascension trend.
Whales are patient
The first signal comes from the stock market entry value bands. This metric measures how much XRP transactions of different sizes flow into stock market wallets. Large inlet bands often show that whales are preparing for sale, and the decline is away from the sale. Since August 26, there has been a serious slowdown in the major valuable entrances on Binance. The transactions between 100,000 and 1 million XRP decreased by 95 %and fell from 45.6 million XRP to 2.1 million XRP. Over 1 million XRP inputs decreased by 93 %in the same period.
This sharp decline shows that whales no longer transfer a large amount of XRP to the stock market and that sales pressure is reduced. The patient’s patience strengthens the basic support for the XRP price. This shows that small investors are hasty in sale, while large investors are waiting on the sidelines, which is often a sign of recovery.
Buyer-Service Ratio gives the market bottom signal
In addition to whale behavior, the receiver-selling ratio offers an important signal. This rate shows whether market buyers or sellers are more dominant. Values above 1 indicate the procurement print and the six sales pressure. Currently, the ratio is 0.90 and this shows that sales pressure is stronger. At first glance, although this decrease seems to be a signal, it is often affected by individual investors who decide quickly. Since whales slow down on sale, this low may be due to individual sales pressure.
However, when we look at August, local bottoms were seen in the price of XRP when this ratio fell below 1. On August 2, the ratio fell to 0.88, and the XRP price increased almost 20 %in the following weeks. The decline on August 19 was a harbinger of a similar recovery. The current level is quite close to these levels.
XRP Price Estimation
Technical graphs strengthen this table. The relative power index (RSI) gives a rise signal by decomposing from the price movement. Between 19-29 August, the XRP price made a lower bottom, while RSI made a higher bottom. This positive incompatibility weakens downward momentum and increases the likelihood of recovery.
The first level to be monitored at the XRP price target is $ 2.84. If the daily closure is made above this level, movement can be seen towards $ 2.95 and then to $ 3, which is a psychological threshold. A stable break above $ 3,33 confirms that the trend turns completely ascension and opens the door to a wider rise expectation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
