While the crypto market's pulse beats with Bitcoin's new records, the eyes and ears of many investors have been on XRP, which has been testing their patience for weeks. First, it made people ask, "Why is this dropping while BTC is soaring?" Then, with a 4% jump in the last 24 hours, it provided a glimmer of hope. In reality, XRP might be playing out the final scene of a massive behind-the-scenes game. What we witnessed was not a simple price movement, but a masterclass "shakeout" operation directed by the big players, the "whales." Let's rewind the tape and decode this grand play.
Remember those lifeless, sideways, and frustrating price movements from late June until around July 7-8? That period was a patience test, deliberately created by whales to accumulate XRP from retail investors at a low price. Through fear, uncertainty, and the FOMO induced by Bitcoin's rally, many sold their holdings, thinking, "This is going nowhere." As they sold, large wallets were buying silently and deeply. This was nothing more than the calm before a storm.
And the storm has arrived. The giant green candles that appeared on the 4-hour charts starting from July 8, supported by record-breaking trading volumes, are shouting to us that the shakeout operation is over and the accumulation phase is complete. The price initiating a steep rally by breaking above all moving averages shows that the bulls are now in full control.
So, what happens now? Technically, the RSI (Relative Strength Index) indicator signaling "overbought" conditions suggests that the rocket might take a short break to refuel. This potential minor pullback or sideways movement could be the last chance to get on the train. Because on the fundamental side, all engines are fired up as well. Expectations for a favorable outcome in the SEC case for Ripple are at an all-time high, while rumors of a potential XRP ETF approval are being whispered in the corridors louder than ever.
In summary, the recent dip was not a
