base-pidgin

XRP has experienced its first major pullback since November, dropping 20% from its recent top. Here's what you need to know:

Key Statistics:

- XRP's recent top: $2.90 on December 3
- Weekly low: $1.90, a 20% pullback
- Fibonacci retracement levels: $1.41 to $1.69
- XRP spot inflows: Peaked at 177.33 million on December 1
- XRP outflows: Peaked at $155.79 million on December 4

Market Analysis:

XRP's pullback has been driven by profit-taking and a shift in market sentiment from greed to fear. The cryptocurrency's spot flows indicate a resurgence of outflows, while the derivatives segment has seen a spike in negative funding rates, signaling a surge in short sellers.

Key Takeaways:

- XRP has experienced its first major pullback since November, dropping 20% from its recent top.
- Fibonacci retracement levels suggest potential support at $1.41 to $1.69.
- Spot flows and derivatives data indicate growing sell pressure and bearish expectations.

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