🧵Is the elite reshaping the XRP movement?
📉 Current Price: $2.94
📊 Daily Change: -1.3%
💰 Market Liquidity: 174.12 billion XRP
🔁 Pair: XRPUSDT
---
🔹 Market Dynamics
- Growing interest from the top 10 global wallets, each holding +5 million XRP.
- 663 large wallets concentrate liquidity – reflecting the trend of elite investors.
- Positive social surge of 84.4% supported by high trading volume.
---
🔹 Market Drivers
- Important regulatory date in October: SEC's decision regarding the XRP-linked ETF.
- Significant institutional sale valued at $175 million with a transfer rate of 14%.
- Increasing technical support on monthly averages, with strong activity in the bottom ranges.
- Short-term sell indicator at 73.02% reflects a potential selling wave before a reversal.
---
🔹 Trading Strategy
| Scenario | Description | Potential Target |
|----------|--------|----------------|
| ✅ Breaking Resistance | Rise towards $3.75 | $3.20–$3.75 |
| ⚠️ Breaking Support | Drop towards $2.50 | $2.25–$2.45 |
| 🔄 Consolidation | Sideways Movement | $2.80–$3.00 |
- Major resistance: $3.00
- Strong support: $2.50
- Gradual entry preferred with long-term stop-loss orders.
- Continuous monitoring of the $3.00 level is essential to confirm the trend.
---
🔹 A perspective from the Treasury
- Increasing investor awareness of the impact of security distribution on price stability.
- Instant analyses of the token indicate the importance of risk management across global wallets.
- Treasury analysts believe the current decline is due to an unbalanced institutional liquidity equation.
---
📌 XRP enters a critical phase amidst regulatory volatility and large wallet behavior.
Follow #CryptoEmad for real-time trading opportunities and professional market analyses! 🚀