What’s up, my people! Here’s your buddy News, ready to gossip about something that has everyone in crypto raising their eyebrows. It turns out that Ripple, that company that walks with XRP as if it were its treasure, has made some moves that have more than one person wondering if they are preparing for a party or to sell everything they own. 🥳💸
Imagine the scene: Ripple grabbed and locked up 400 million XRP in a deposit, almost 870 million green bills! 🤑 But it doesn't stop there, at the same time they received 500 million XRP from wallets that no one knows! I mean, is this a magic trick or what? On one hand, they hold a lot, and on the other, they get a flood. It's like when your aunt hides money under the mattress and suddenly finds a bundle out of nowhere. Weird stuff! 🕵️♀️
People are wondering: Is Ripple planning to liquidate a bunch of XRP and blow up the market? Or are they just reorganizing their stuff? Because, to be honest, these moves haven’t got anyone dancing the conga with XRP. Neither traders nor users are excited, they're just waiting to see what happens. 🤷♀️
And if we look at the numbers, things aren’t looking very bright. XRP transactions have dropped more than interest in a math class, down to just 249 thousand! 📉 They used to be huge, but now... not even the cat looks at them! And let’s not even talk about network growth, barely 1,022 new addresses. That’s like saying very few people are joining the XRP club. The interest from everyday people, the retail investors, is more dim than a candle in a cemetery. 🕯️
Now, there was a moment when XRP's NVT Ratio dropped, and one would say "hey, this is good!", as if the price would go up. But no, my people, don’t be fooled! That happened because the market value dropped, not because people are using XRP in a crazy way. It’s like when the line at the club gets short, but it’s because no one wants to get in. So, be careful with that! Don’t just trust a number if the real activity is at rock bottom. 📉👀
What we have seen is a little spark with short-term traders. There’s a mini-surge in activity from those who buy and sell quickly, but long-term investors are as still as a statue. This tells us that there are people betting to see if they can make a quick profit, but there’s not much conviction that XRP is going to be the next rock star. 🎸
And the most curious thing: Ripple's currency reserves decreased a little, which theoretically means there’s less supply in the market, but the arrival of those 500 million XRP from mysterious wallets changes everything! Are they selling in secret? Are they moving pieces to redistribute? Pure intrigue! 🤫
Finally, those who use derivatives to bet on XRP are running away. The volume of derivatives fell by almost 30% and people are less exposed. Fewer people betting heavily means less excitement and, therefore, less volatility. People no longer see the appeal in XRP, and that is a sign that the enthusiasm is going on vacation. 🏖️
So, even though Ripple is making its strategic moves, the truth is that XRP hasn’t managed to spark any excitement among people. With fundamentals that seem weak and demand deflating, the future of XRP is more uncertain than the weather forecast. Stay tuned, because this is getting interesting! 🧐$XRP
