What are the big players thinking?
“XRP spot ETFs saw net outflows of $529,500 last week”
When this news comes out, I ask three questions about the money flow:
1. Are aggressive buyers or sellers in control?
2. Has trading volume for $XRP ($119 million over 24 hours) increased noticeably?
3. Are there any unusual transfers out of exchanges on-chain?
Only when all three point in the same direction can we say the market has validated the news; otherwise, it’s mostly just a sentiment-driven disturbance.
Pay more attention to trading volume, not just the narrative, and you’ll avoid a lot of pitfalls.
#XRP
“XRP spot ETFs saw net outflows of $529,500 last week”
When this news comes out, I ask three questions about the money flow:
1. Are aggressive buyers or sellers in control?
2. Has trading volume for $XRP ($119 million over 24 hours) increased noticeably?
3. Are there any unusual transfers out of exchanges on-chain?
Only when all three point in the same direction can we say the market has validated the news; otherwise, it’s mostly just a sentiment-driven disturbance.
Pay more attention to trading volume, not just the narrative, and you’ll avoid a lot of pitfalls.
#XRP