$XRP 24 In just 8% over 24 hours, the market cap increased by $2.2 billion. The price has returned to the $1.53 range and reclaimed the downtrend line that had been weighing on the entire month of September.
There are two drivers: before the rise, whales added about 1.54 billion $XRP in the preceding 96 hours, and the U.S. spot $XRP ETF has also been seeing net inflows for 10 consecutive weeks, bringing the cumulative total to over $1.72 billion.
But overhead is a hard wall: Glassnode shows that around 2.5 billion $XRP are stacked above $1.60— the most densely packed supply zone above the current price.
I tend to believe this is short-covering and whales front-loading accumulation, not fresh demand—$1.60 is the real test; only by holding above it can we see $1.70 and then $2.
Your bet: will it break and hold above $1.60, or will it turn into a fake breakout followed by a pullback to $1.30?
#XRP上涨8%
There are two drivers: before the rise, whales added about 1.54 billion $XRP in the preceding 96 hours, and the U.S. spot $XRP ETF has also been seeing net inflows for 10 consecutive weeks, bringing the cumulative total to over $1.72 billion.
But overhead is a hard wall: Glassnode shows that around 2.5 billion $XRP are stacked above $1.60— the most densely packed supply zone above the current price.
I tend to believe this is short-covering and whales front-loading accumulation, not fresh demand—$1.60 is the real test; only by holding above it can we see $1.70 and then $2.
Your bet: will it break and hold above $1.60, or will it turn into a fake breakout followed by a pullback to $1.30?
#XRP上涨8%