XRP Could See Sell-Off After Descending Triangle and Rising Exchange Reserves Signal Bearish Risk

  • Bearish technical pattern: A descending triangle consolidated above $2.74, increasing downside risk.

  • On-chain selling pressure: Exchange reserves surged and dormant circulation spiked on 01 September.

  • NVT & MVRV signals: NVT ratio and 90-day MVRV point to relative overvaluation and minor losses for recent holders.

XRP sell-off risk rises as exchange reserves and dormant circulation spike; monitor mean coin age and exchange flows for signs of stabilization — read our analysis.

Is XRP likely to see a sizeable sell-off soon?

XRP sell-off probability increased as exchange reserves and dormant circulation surged while price consolidated in a descending triangle above $2.74. These on-chain flows, combined with elevated NVT readings and a drop in mean coin age, point to increased short-term downside risk unless buying activity returns.

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Price action showed a descending triangle, which often precedes downside continuation. Exchange reserves climbed sharply, mirroring the spike in dormant circulation recorded on 01 September. The Network Value to Transactions (NVT) ratio rose, suggesting market value outpaced network activity. 90-day MVRV showed holders registering minor losses.

Source: XRP/USDT on TradingView (price chart). Analysis references on-chain metrics from Santiment and CryptoQuant and commentary from COINOTAG’s research.


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Source: https://en.coinotag.com/xrp-could-see-sell-off-after-descending-triangle-and-rising-exchange-reserves-signal-bearish-risk/