Ripple expects its annualized product revenue run rate to reach $900 million by year-end
Large-scale fund movements are usually interpreted in one of three ways:
① Allocation: positioning over the course of a quarter, with little focus on short-term price movements;
② Rebalancing: adjusting positions, which doesn’t necessarily mean a bearish outlook;
③ Arbitrage: a short-term trade that comes and goes quickly.
This move looks more like the first one. It’s more of a support for the price than a catalyst for a rally.
$XRP is currently at 1.3131, 24h -0.25%.
#XRP
I could be wrong too, so make your own judgment.
Large-scale fund movements are usually interpreted in one of three ways:
① Allocation: positioning over the course of a quarter, with little focus on short-term price movements;
② Rebalancing: adjusting positions, which doesn’t necessarily mean a bearish outlook;
③ Arbitrage: a short-term trade that comes and goes quickly.
This move looks more like the first one. It’s more of a support for the price than a catalyst for a rally.
$XRP is currently at 1.3131, 24h -0.25%.
#XRP
I could be wrong too, so make your own judgment.
