There are lot of things going for $XRP in the market.

1. The ongoing SEC Case, which is currently in XRP favour and even speculation of SEC dropping the case

2. Growing filing of XRP ETFs,

3. Institutional adoptions,

4. Recent announcement by the U.S. President about the inclusion of XRP in U.S. Crypto reserve but later dropping the plan.

5. XRP partnerships

6. Launch of Ripple stable coin

7. And many more.

All these things have led to uncertainty for the XRP price. But despite these uncertainty $XRP is holding at $2.35 at the time of writing this article. XRP has seen some occasional drop below $2.0 but bouncing back to $2.2-$2.3 and holding at these price in recent time. It also has recently seen the price going upto $2.99 when the U.S. President announcement about its inclusion in the U.S. crypto reserve.

Let us see some data of last 5 days:

In the last 5 days there is net sold amount of XRP which is 68.95 Million of XRP that is equivalent to $162 Million. With the circulation supply of 57 Billion XRP which is equilavent to $135 Billion, this $162 Million is only 0.12% of total supply.

Even if we remove, let just say, out of $135 Billion the amount of $85 Billion (let just say hold by large players or institutions or lie in he cold wallets which ia not taking part in the trades), still $165 Million is 0.33% of the of the remaining amount of $50 Billion.

Now let us break even more:

The last 24 hour trading volume of XRP is $7.96 Billion. Now if we compare this 5 day data of $165 Million with this 24 hour trading volume of $7.96Billion it constitutes mere 2.07%

What can we infer from this analysis?

It clearly shows that the price of XRP is currently derived by the retail investors and a very little involvement of whales. Lots of investors are currently showing support for XRP and this is what led to its price stability for now. Mere outflow of 68.95 Million of XRP clearly shows that the Whales are holding on to XRP and showing support for it.

These analysis led to reveal that small retail investors are panic selling and some large retail investors are just there for making some profit or buying the dips. Within all this the small retail investors are getting churned out. They have to understand that if the current market scenario is in the favour of XRP, they should hold the XRP and not sell it at lower price. If they have bought XRP for $2.5 they should hold for it and should not sell it at $2.3 and this is what will drive the market upward. With the recent buzz about crypto in the world and many small and large players entering the crypto market, at the end the Global Crypto Market is going to go up not only staying at $3 Trillion. This is what we have seen after the BTC launch. So don't panic and relax.

#XRP #XRPAnalysis #RealityCheck #XRPMarketShift #CryptoMarketWatch

(This is just a analysis. DYOR before taking any action regarding the buying and selling.)