📉 What is happening with $XRP? Insiders and whales are at it again
In the last 5 days, $XRP has come under serious pressure. And everything points to one thing — the big players are manipulating the market again while retail watches.
August 1
— Price dropped by 8%
— Whales are dumping an average of $28M per day
— At the same time, more than $1 billion XRP is leaving exchanges — looks like others are holding long-term?
August 2
— Ripple conducts three escrow transactions of $2 billion XRP
— More than 710 million XRP — dumped on exchanges
— Price breaks support at $3.00
August 3
— No new escrows, but whales continue to dump
— Volumes are not decreasing — just less publicity
August 4
— Information: Ripple co-founder Chris Larsen transfers $140 million XRP to exchanges
— The $3 level is under real threat
— The market is not recovering fast enough — pressure is increasing
August 5
— Externally quiet... But it's like before a storm
— When whales freeze, the market freezes with them — the next move will be loud
📌
When XRP is trading with such volatility and under the pressure of insiders — this is not just a correction. It could be either a major clean-up before a rise or the beginning of an even bigger drop.
And the retail investor? They are just looking at the chart and hoping...
