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XRP rose $480 million in 14 days, new bearish trends are forming

Source: CoinWorld
XRP prices soared more than 4% over the past week, breaking through $3 at one point, prompting the "Whale" to sell 160 million XRPs worth $480 million to make a profit. Analyst Ali Martinez stressed that the sell-off reflects a weakening of market confidence as on-chain activity decreases and technical indicators show a slowdown in momentum. XRP is currently trading at $2.98, down 2.95% in 24 hours and trading volume fell 9.45% to $5.22 billion.
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