True panic and confusion in the feed:
$XRP for the first time in two years broke $1.00! ๐ค๐
Seriously? So after a pump of +520% and two years of systematic distribution by whales, with all that retail optimism about loud news, someone really expected a flight to Mars instead of the classic stuffing of passengers?
Whatโs actually happening on the chart:
Textbook distribution: For two years, large capital has been gently selling off its reserves on every bounce.
Trend under the bearsโ control: The price is firmly sitting below all moving averages (MA 7, 25, 99).
$1.00 is the psychological stronghold, and below it is a vacuum and a return to the native harbor $0.50โ$0.60.
While experts in the comments hunt for fundamental reasons and news, the algorithm simply does its jobโbringing the asset back to where it was pumped from.
Are you still expecting $10, or have you already gotten rid of your position? ๐
#XRP #Crypto #BinanceSquare #distribution