• XRP is trading at $2.94 with a market liquidity of $174.12 billion (down 4.3% in 24 hours)
• Significant wealth concentration: The top 10 wallets control 41% of the circulating supply
• 663 wallets globally each hold 5 million XRP or more
• Trading volumes and inflows contradict a community sentiment of 84.4% positive
Market driving factors
• Regulatory factors: ETF deadline in October by the Securities and Exchange Commission (SEC) and new redemption policies calculated with in-kind transfers
• Whale movements trigger volatility (Chris Larsen's transfer of $175 million caused a price movement of 14%)
• The technical pattern shows a bearish trend supported by the 20-day exponential moving average
• A buy-sell margin ratio of 73.02 indicates a short-term negative trend
Trading strategy
• Main levels: Resistance at $3.00 (potential breakout towards $3.75) versus support at $2.50
• Gradual entry into positions during pullbacks is preferred with tight stop-loss orders
• Monitor the breakout of the $3.00 level to confirm positive momentum - Long-term outlook depends on the outcome of the case between Ripple and the Securities and Exchange Commission (SEC)
• Decline in large fund flows indicates a need for a cautious stance
View from a retail perspective
• Increased awareness of the impact of wealth distribution on price stability
• Many see the current pullback as a strategic entry opportunity despite concerns about large wallets
• Real-time blockchain analysis has become essential for risk management
