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XRP faces $650M sell risk as charts hint at prices below $1

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 53 Views

XRP faces $650M sell risk as charts hint at prices below $1

XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges.

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges.

Key takeaways:

A symmetrical triangle breakdown puts XRP price drop toward $0.95 in play.

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