Understand what happened to the XRP coin
Even though the coin had strong performance and rose by 30%
It suddenly dropped by about 12%
1- What happened is that Ripple released one billion XRP coins from escrow accounts, and just the news caused the drop
2- The natural correction: some traders made good profits from the coin and exited the market, which led to the decline
3- Because of these jolts, some positions were liquidated, causing an even bigger drop
So, is the market ready to absorb the new liquidity and resume the uptrend?
Share your analysis with me
#XRPRises40%InTwoWeeksAsOpenInterestFalls
#ARBRises30%OnRobinhoodChainRevenue
$XRP
$NEAR
$AUCTION
Even though the coin had strong performance and rose by 30%
It suddenly dropped by about 12%
1- What happened is that Ripple released one billion XRP coins from escrow accounts, and just the news caused the drop
2- The natural correction: some traders made good profits from the coin and exited the market, which led to the decline
3- Because of these jolts, some positions were liquidated, causing an even bigger drop
So, is the market ready to absorb the new liquidity and resume the uptrend?
Share your analysis with me
#XRPRises40%InTwoWeeksAsOpenInterestFalls
#ARBRises30%OnRobinhoodChainRevenue
$XRP
$NEAR
$AUCTION
