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XRP price likely to crash by 12%, suggests Ripple Whales activity

XRP price saw a sustained upward trend in the last week. But in the last two days or so, a local top formation suggests that the bull trend might have been exhausted. Investors need to exercise caution as it could catch them off guard. XRP price rallied nearly 20% between October 19 and 24 and set up a local top at $0.586. This move cleared the buy-stop liquidity resting above swing highs formed as far back as August 21. Since the sweep of this liquidity and local top formation, Ripple has shed nearly 7% and currently trades at $0.545. The Relative Strength Index (RSI) has faced rejection at the overbought level of 70 and is currently sliding lower.

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