Prices rose nearly 2%, nearing 1.53, yet large holders’ long positions reversed course and shrank.
The market looks like it’s rebounding, with prices repeatedly testing 1.531 around the 1.52 level, but heavy selling pressure keeps turning them back. On the surface, it looks like a breakout attempt, but big players with substantial holdings have no intention of adding to their positions. Instead, they’re using the rebound to exit their longs.
Prices are pushing higher while large holders are pulling back. Resistance overhead remains unbroken, while support below is still being actively withdrawn. Expecting a genuine breakout from a market this divergent seems more like paying the bill for those exiting at the top.
#XRP
The market looks like it’s rebounding, with prices repeatedly testing 1.531 around the 1.52 level, but heavy selling pressure keeps turning them back. On the surface, it looks like a breakout attempt, but big players with substantial holdings have no intention of adding to their positions. Instead, they’re using the rebound to exit their longs.
Prices are pushing higher while large holders are pulling back. Resistance overhead remains unbroken, while support below is still being actively withdrawn. Expecting a genuine breakout from a market this divergent seems more like paying the bill for those exiting at the top.
#XRP
