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XRP slides below 50-day EMA as selling pressure intensifies
Ripple (XRP) is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin (BTC) falling toward $95,000 and Ethereum (ETH) pressing down on support at $3,300. The number of XRP coins held across exchanges has increased to 2.7 billion as of Thursday, from 2.67 billion on Monday. Looking back, XRP exchange reserves stood at 2.64 billion on December 29, suggesting holders are transferring the tokens with the intention of selling when the price rises. According to CryptoQuant, rising exchange ... (full story)
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