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XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline

Coin Telegraph LogoCoin Telegraph22h ago

XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline - Coin Telegraph

Quick Summary:

XRP nears a classic technical breakdown XRP's recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.”The inverse cup and handle is a bearish chart pattern that signals fading buyer momentum after an uptrend.

Source: TradingViewA breakdown below this horizontal consolidation range could validate the bearish structure, opening the door for a potential move toward the $1.58 support area — as suggested by the measured move projection shown on the chart above.

XRP whale flow point to more sell pressureAs of April 5, CryptoQuant’s 90-day moving average whale flow chart was showing sustained net outflows from XRP’s largest holders since late 2024.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 18:04:03 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27604406

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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The story "XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline" was covered 22 hours ago by Coin Telegraph, a news publisher based in United States.

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  • URL: https://chronographically.beamstart.com/news/xrp-price-sell-off-set-17438727109434

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