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

XRP faces potential selling pressure worth $650 million as technical analysis indicates the cryptocurrency could drop below $1 in the coming weeks. The bearish outlook is supported by weakening chart patterns and increasing supply on cryptocurrency exchanges.

• →XRP's technical indicators suggest a bearish trend with potential price decline below $1.
• →Approximately $650 million in selling pressure threatens XRP's current price levels.
• →Exchange supply is increasing, indicating potential selling activity from holders.
• →The weakening technical setup points to further downside risk over the next few weeks.
• →Current chart patterns support the bearish price prediction for XRP.