XRP holders are not selling as they thought because they know a hard rebound is coming and they are simply holding on. I am one of them.
Post
asaph1
·
--
$1.95 is the Wall of XRP: Does it drop to $1.57 or is the Great Final Purge Coming? 🧱
Watch out for this data I'm about to drop! 🤯 The price of XRP is falling, and although the indicators are screaming "Here is the bottom, it’s time to bounce!", the coin isn’t taking off. Do you know why? Because apparently, the purge of weak hands isn’t over yet. It’s as if the market is asking for one last painful goodbye before taking off. 💔
Look, here’s the thing: the traders who bought XRP recently (short-term holders) are all in the red. The NUPL metric (which measures unrealized gains and losses) dropped to -0.30, the lowest value of the year! 📉 Historically, every time this number gets so red, a bounce comes. It happened in April and it happened in June. But now, even though the number is more extreme, the price keeps going down. 😵💫
Look, here’s the thing: the traders who bought XRP recently (short-term holders) are all in the red. The NUPL metric (which measures unrealized gains and losses) dropped to -0.30, the lowest value of the year! 📉 Historically, every time this number gets so red, a bounce comes. It happened in April and it happened in June. But now, even though the number is more extreme, the price keeps going down. 😵💫
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.