You must be wondering why so many whales have dumped massive number of XRP tokens? Is there something brewing inside that you don't know about? Do you want to rethink your small investment? Or Should you wait and ride out the Waves in search of the desired shores?
These are my personal insights and you should do your own research.
The dump and price suppression that we are feeling is probably due to what is coming ahead. No more XRP price manipulation by whales is allowed come November so the whales that hints for liquidity by creating volatility need to rethink. They need to go long term and the only way to do it safely, is to reroute that money to upcoming XRP spot ETFs. XRP is an asset like no other in the market because what Ripple did was not just issue crypto tokens but build an Infrastructure of next generation. Now most of the XRP Tokens sold by whales are being bought by Institutions, of which most of them will vanish from the market circulation. So it means for retail? Short answer, hold it as long as you can. Whales will buy ETF shares like crazy so those will not be easy for you to buy into but that will also drive the XRP price in the exchanges. While Bitcoin and Ethereum is at its last run, XRP is just starting it's engine. Ripple is planning so big that it's impossible to explain in a single article or even multiple one. It's a rail build for the future where SWIFT will look like old school 1960s big phones.
Buy as much as you can because after the ETF approvals most will not be able to even buyin anymore. Go spot for safety, future is not for the weak hearts.
