The Truth Behind the Wild Fluctuations of $XRP ! Is the Main Capital Playing a Big Game?
Recently, XRP's market has surged fiercely and then plummeted just as harshly. What secrets are hidden behind this?
In the past 24 hours, XRP's trading volume has skyrocketed by 300%, yet the price hasn't reached new highs. What does this indicate? It suggests that someone is secretly unloading at high positions! Especially at the $0.62 mark, the order volume suddenly surged, clearly indicating that major capital is distributing their chips.
Let’s take a closer look at the capital flow — in the past week, large investors have net withdrawn over $200 million, while retail investors are frantically buying up. This scenario of "major players fleeing, retail investors entering" has occurred countless times in history, and the outcome is often disastrous.
The technical indicators are also strange — XRP's RSI has already entered overbought territory, yet the MACD is showing a bearish divergence signal.
Lastly, a detail worth mentioning: XRP's on-chain transaction fees have suddenly skyrocketed, indicating that someone is frequently transferring large amounts of capital. Considering the SEC's regulatory dynamics regarding Ripple, the situation here is quite complex!
The short-term volatility risk for XRP is extremely high, and $0.62 may become a significant peak for the year! However, looking at the medium to long term, if regulatory actions are settled, there might still be a wave of market activity.
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