XRP is maintaining a narrow volatility range while large investors accumulate in preparation for the upcoming price increase.

MAIN CONTENT

  • Trading within a narrow range indicates accumulation by whales and large institutions.

  • A strategy of selling at high levels and accumulating at support levels is preparing for a breakout move.

  • The risk of strong volatility after the ETF launch due to low liquidity still needs to be noted.

How is the market reacting to XRP's fluctuations?

Market experts confirm this is not a panic sell-off but a period of "shaking and repositioning" by whales and large institutions.

XRP's price slightly decreased to $2.84 but quickly recovered, while trading volume concentrated strongly in the range of $2.82–$2.87. This is viewed as an accumulation signal within a narrow range before a significant price jump.

"This is not a market crash but a strategic position adjustment by large investors."
Cryptocurrency market analyst, 2024

Why are institutions selling when XRP's price is above $3?

Strategic investors are taking advantage of volatility to lock in profits before the ETF launch while reinvesting near the $2.80 support level.

Strong sell-offs above $3 and buying near support indicate smart money's capital rotation, not a retreat.

  • Volatility creates entry opportunities for large institutions.

  • Increased volume during price drops indicates that resources are not lost but are being reallocated.

"The strategy of selling high and buying low is a sign of a deliberately adjusted market."
CEO of a financial consulting firm, 2024

What is the current trading trend analysis of XRP?

XRP is currently in a fixed range trading phase with support around $2.80 and resistance at $3.02.

Whales and market makers are accumulating positions near support, while short-term traders are taking advantage of the uptrend to lock in profits around $3.

Although ETF expectations have been reflected, it is still important to note the potential for strong volatility after the ETF is approved due to possibly limited liquidity.

What distinguishes this ETF launch from previous ones?

The significant difference is that XRP is launching the ETF amidst unresolved legal issues with U.S. regulators.

  • Legal tensions with the SEC are not over.

  • Whales and institutions have divergent views on long-term prospects.

  • While U.S. laws are relatively clear, the global classification of XRP remains uncertain.

These factors put pressure on XRP's price from the topic of positive growth and caution from institutional investors.

Conclusion: How will XRP fluctuate in the near future?

Experts suggest that strong momentum may not occur immediately on the ETF launch day, but will become clear after the market wave settles.

  • The $2.80 level is viewed as a key accumulation area for large institutions.

  • The $3.05 level is an important technical barrier for a breakout.

  • Increased volume around the support level is a sign of accumulation, not panic selling.

XRP is in a controlled volatility range, with whales quietly preparing for the transition while individual investors remain confused by short-term price drops. The next 48 hours will be a decisive period to determine whether XRP can break out of the accumulation range or continue trading within bounds until the ETF officially launches.

Frequently Asked Questions

  • Is XRP's 3.3% drop a bad signal?
    No. This is a controlled adjustment, indicating that large investors are rebalancing their positions. (Source: Financial Analyst 2024)

  • What does the trading volume around $2.80 signify?
    Increased volume indicates that smart money is accumulating coins in preparation for a breakout move.

  • Is the ETF launch guaranteed to significantly increase XRP's price?
    The ETF is a positive factor but still depends on liquidity and market reaction after the launch; price increases are not guaranteed.

  • What is XRP's legal status in the U.S. currently?
    XRP has received legal clarity in the U.S., but globally, there are still many barriers awaiting resolution.

  • How can individual investors seize opportunities?
    Investing around the $2.80 support level with strict risk management is a reasonable strategy according to expert recommendations.

Source: https://tintucbitcoin.com/ca-voi-dua-mua-dip-truoc-etf/

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