XRP Down 7%: What Is Going On?

XRP XRP/USD is down 7% on Friday, but whales continue to accumulate on the heels of Ripple expanding its core business.

Trader Notes: Crypto chart analyst Ali Martinez predicted that if XRP breaks above $3, it would invalidate the head-and-shoulders pattern and could turn bullish.

Dark Defender sees XRP having formed a bullish rectangle pattern, signaling imminent breakout potential. He predicts a new all-time high could be next.

Altcoin Buzz says XRP could outperform Bitcoin and Ethereum based on following factors, such as regulatory clarity, growing adoption and ETF speculation gaining momentum.

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Statistics: Social media influencer and crypto trader John Squire noted that XRP whales are accumulating XRP, with one whale moving 8 million XRP.

Coinglass data shows XRP long liquidations at $20.65 million, a three-week high. XRP derivatives trading volume expanded by 22.7% in the past 24 hours.

Community News: Reece Merrick, Ripple’s Managing Director Middle East & Africa, highlighted Ripple's partnership with Chipper Cash to drive economic growth & financial innovation across Africa. The goal is to enable faster, cheaper cross-border payments using blockchain technology.

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