Anyone else confused? #xrp This market is seriously contradictory right now 🤯 It’s been sliding ever since its November 5 high of $1.32, dropping 18% in four days—steeper than #ETH ’s decline over the same period.
On-chain data is interesting: whales have been quietly accumulating during the dip, scooping up 16.46 million tokens in five days. Daily whale inflows to Binance also hit their highest level since 2024, with nearly $900 million flowing in 🐳
Unfortunately, buying pressure hasn’t been enough to withstand the selling pressure. Support at $1.14–$1.16 failed to hold, and the price has now fallen to $1.08. After several support levels were broken one after another, the current low of $0.986 has become the last key line of defense. Whales buying the dip doesn’t mean the price will rally right away, so stay calm and don’t act on impulse when buying the dip! $XRP
On-chain data is interesting: whales have been quietly accumulating during the dip, scooping up 16.46 million tokens in five days. Daily whale inflows to Binance also hit their highest level since 2024, with nearly $900 million flowing in 🐳
Unfortunately, buying pressure hasn’t been enough to withstand the selling pressure. Support at $1.14–$1.16 failed to hold, and the price has now fallen to $1.08. After several support levels were broken one after another, the current low of $0.986 has become the last key line of defense. Whales buying the dip doesn’t mean the price will rally right away, so stay calm and don’t act on impulse when buying the dip! $XRP
