XRP prices have been on a downward trend, dropping 6.67% over ten days and hovering close to the $1 mark.
This decline has raised concerns among analysts who warn of a possible slide below $0.60 due to weak buying pressure and increased speculative leverage.
The taker buy/sell ratio indicates seller dominance, and whale inflows to Binance are at their lowest since 2021, signaling a market distribution phase.
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