Is big money moving in?
“Ripple CEO: Pro-crypto candidates won in both parties; the industry won’t leave the U.S.”
After the news broke, I only asked three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Is trading volume for $XRP ($151 million over 24h) continuing to grow?
3. Are there any unusual outflows from exchanges on-chain?
Only if all three point in the same direction can we say the news has been validated by the money; otherwise, it’s probably just a passing buzz.
First, figure out whether this is a new development or just old news being recycled.
“Ripple CEO: Pro-crypto candidates won in both parties; the industry won’t leave the U.S.”
After the news broke, I only asked three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Is trading volume for $XRP ($151 million over 24h) continuing to grow?
3. Are there any unusual outflows from exchanges on-chain?
Only if all three point in the same direction can we say the news has been validated by the money; otherwise, it’s probably just a passing buzz.
First, figure out whether this is a new development or just old news being recycled.