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XRP's 90-day moving average hit a new low since August 2022, and selling pressure has indeed never stopped. Short-term holders couldn't hold on and cut their losses, exiting the market. Before sentiment recovers, a major rally is unlikely.
According to Glassnode, XRP’s 90-day moving average has fallen to its lowest level since August 2022, highlighting sustained selling pressure.
More short-term holders are now sitting in unrealized losses and exiting their positions, reflecting fragile market confidence.
While exchange liquidity remains available, the market is still going through a deleveraging phase. Until sentiment improves and the price structure strengthens, a sustained recovery may take time.
#Get2SharesOfSKHynixAtZeroCost #MicronOvertakesMetaInMarketValue