XRP has been gaining traction recently! On August 9, data revealed that over the past two days, whales have been frantically buying more than 50 million XRP, valued at approximately $165 million.
This coincides with the recovery from the SEC lawsuit for $XRP , with the price rising from 2.8 in July to 3.33, an increase of 17%. However, don't get too excited yet; technical indicators suggest that a short-term spike may require adjustment, and the critical level of $4220 has yet to be broken. If it can't break above, it might reverse.
Why are whales buying at this time? They might be interested in Ripple's RWA project, institutional funds entering to buy the dip, or they believe the risk has decreased after the SEC settlement. There are two possibilities for the future: if it breaks above $4220 with volume, it could surge like before by 54% or even 630%; if the volume is insufficient or tonight's PPI data is poor, it could drop. In any case, this wave of activity feels like a stimulant, but the rise or fall will depend on the battle between the capital flow and technical factors!
I will continue to place my strategic orders! Instead of blindly trying to find the best entry and exit points and risking losses, it’s better to follow me and directly engage in what I recognize.
