The post XRP Price Faces Pressure, But One Level Changes Everything appeared on BitcoinEthereumNews.com. XRP’s start on the first Monday of November hasn’t inspired confidence. The token has dropped 3% in the past 24 hours and is now down 19.1% over the past 30 days. This clearly marks a period of downtrend for the XRP price. The broader setup remains weak, and the charts suggest more downside, unless buyers step in soon. Sponsored Sponsored Hidden Bearish Divergence Signals Continued Weakness Between October 13 and November 2, XRP’s price made a lower high, while the Relative Strength Index (RSI), which tracks buying and selling strength, formed a higher high. This is known as a hidden bearish divergence, a setup that often signals the continuation of an existing downtrend. Simply put, while momentum appears to rise, sellers are still in control. For XRP, the only way to invalidate this bearish setup is a daily close above $2.64, which could open a move on the upside. Price Shows Bearishness: TradingView Until then, the market remains tilted toward sellers. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Profit-Taking and Short-Term Selling Add Pressure On-chain data supports this weakness. The Net Unrealized Profit/Loss (NUPL), which measures investor profit levels across the network, stands at 0.428, almost identical to the local peak of 0.425 reached on October 20. At that time, XRP dropped from $2.50 to $2.36, a 5.6% correction in just two days. Sponsored Sponsored Holders Are Still Profitable: Glassnode High NUPL values often mean investors still hold profits, so many may sell to secure gains. That’s exactly what’s happening. The HODL Waves metric, which tracks how long investors hold coins, shows that wallets holding XRP for 1 day to 1 week have cut their supply share from 2.28% to 1.17% in just two weeks. That’s a near 50% drop in reserves. Short-Term… The post XRP Price Faces Pressure, But One Level Changes Everything appeared on BitcoinEthereumNews.com. XRP’s start on the first Monday of November hasn’t inspired confidence. The token has dropped 3% in the past 24 hours and is now down 19.1% over the past 30 days. This clearly marks a period of downtrend for the XRP price. The broader setup remains weak, and the charts suggest more downside, unless buyers step in soon. Sponsored Sponsored Hidden Bearish Divergence Signals Continued Weakness Between October 13 and November 2, XRP’s price made a lower high, while the Relative Strength Index (RSI), which tracks buying and selling strength, formed a higher high. This is known as a hidden bearish divergence, a setup that often signals the continuation of an existing downtrend. Simply put, while momentum appears to rise, sellers are still in control. For XRP, the only way to invalidate this bearish setup is a daily close above $2.64, which could open a move on the upside. Price Shows Bearishness: TradingView Until then, the market remains tilted toward sellers. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Profit-Taking and Short-Term Selling Add Pressure On-chain data supports this weakness. The Net Unrealized Profit/Loss (NUPL), which measures investor profit levels across the network, stands at 0.428, almost identical to the local peak of 0.425 reached on October 20. At that time, XRP dropped from $2.50 to $2.36, a 5.6% correction in just two days. Sponsored Sponsored Holders Are Still Profitable: Glassnode High NUPL values often mean investors still hold profits, so many may sell to secure gains. That’s exactly what’s happening. The HODL Waves metric, which tracks how long investors hold coins, shows that wallets holding XRP for 1 day to 1 week have cut their supply share from 2.28% to 1.17% in just two weeks. That’s a near 50% drop in reserves. Short-Term…