🧵Are the elites reshaping XRP movement?
📉 Current price: $2.94
📊 Daily change: -1.3%
💰 Market liquidity: 174.12 billion XRP
🔁 Pair: XRPUSDT
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🔹 Market Dynamics
- Increasing interest from the top 10 global wallets, each holding +5 million XRP
- 663 large wallets concentrate liquidity – reflecting a trend among elite investors
- Positive social rise of 84.4% supported by high trading volume
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🔹 Market Drivers
- Important regulatory date in October: SEC's decision regarding XRP-linked ETF
- Significant institutional sale of $175 million with a transfer rate of 14%
- Increasing technical support on monthly averages, and strong activity in bottom ranges
- Short-term sell indicator at 73.02% reflects a potential liquidation wave before reversal
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🔹 Trading Strategy
| Scenario | Description | Potential Target |
|----------|--------|----------------|
| ✅ Resistance Break | Rise towards $3.75 | $3.20–$3.75 |
| ⚠️ Support Break | Drop towards $2.50 | $2.25–$2.45 |
| 🔄 Consolidation | Sideways movement | $2.80–$3.00 |
- Major resistance: $3.00
- Strong support: $2.50
- Prefer gradual entry with long-term stop-loss orders
- Continuous monitoring of the $3.00 level is essential to confirm the trend
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🔹 Treasury Perspective
- Increasing investor awareness of the impact of securities distribution on price stability
- Instant token analyses indicate the importance of risk management across global wallets
- Treasury analysts see the current pullback as a result of an unbalanced institutional liquidity equation
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📌 XRP enters a critical phase amid regulatory fluctuations and large wallet behavior
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