Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns
XRP’s latest rally attempt has stalled just beneath a key volume-weighted average price (VWAP) level that traces back to the asset’s all-time high, according to a market update published on X earlier today by independent trader Dom (@traderview2). XRP Selling Pressure Is Capping Price Gains The 12-hour Binance chart shared by the analyst shows XRP/USDT changing hands at $2.4375 at 12:18 UTC-4, up 2.08 % on the session but still unable to reclaim what Dom labels the “ATH VWAP”—a long-term metric drawn from the April 2021 peak. A green band representing that average is currently drifting....
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