XRP marketWhile the excitement of ETF continued, the sales of large investors increased the pressure on the price. According to Blockchain data, whales were sold in the last 24 hours of 40 million XRP. While investors’ eyes were translated into the launch of Rex-Oos XRP ETF, this development fell on the market like a bomb.
Whales sell XRP according to centimeter data
According to the Blockchain data shared by centimeted, between 10 and 100 million units XRP The large wallets holding the last 24 hours of Coin sold over 40 million units. With these sales, the tendency to distribute in recent weeks has been preserved. SEC’s postponing Spot XRP ETF application by Franklin Templeton prevented a clear direction in the market.
When the order books on the stock markets are examined Binance, Coinbase And OKX Intensive sales orders above the $ 3.05 level stand out. In addition, the shorts of whales between 3.3 and $ 3.6 limit the upward movements of the price. Before Solana ETFIt seems that the limited institutional demand may be experienced for the XRP ETF in a similar way.
Blockchain indicators show that sales pressure continues
According to Cryptoquant data, the 30 -day moving average of XRP whale streams continues to give a strong sales signal. At the beginning of the year, a similar distribution was experienced and withdrawal was seen after the last price summit. The profit of the majority of long -term investors also led to an increase in sales and caused the price to decline to $ 2.70.
In the last 24 hours XRP CoinThe price of more than 1 percent rose to $ 3.05 with an increase. The lowest level in the day was recorded at $ 2.98 and the highest level was recorded for $ 3.07. The transaction volume increased by more than 40 percent. Although Coinglass The data shows that the total value of the open positions in XRP futures decreases in the last 4 hours. Cme, Binance And OKX The sales direction of derivative investors in stock exchanges stand out.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
