$XRP Former Ripple CTO David Schwartz personally debunked an old claim: XRP’s value is not sustained by being consumed through trading. On Binance, the price barely moved, up just 0.2% in 24 hours.
Trading volume reached 813 million, but the price stayed flat, suggesting money was changing hands; there’s currently no evidence of price manipulation. Futures accounts still lean bullish, while large traders and aggressive buying have already started to pull back.
Long positions are still holding on, but buying has weakened first. To disprove this observation, we’d need to see the price rise alongside open interest; volume alone doesn’t count.
Trading volume reached 813 million, but the price stayed flat, suggesting money was changing hands; there’s currently no evidence of price manipulation. Futures accounts still lean bullish, while large traders and aggressive buying have already started to pull back.
Long positions are still holding on, but buying has weakened first. To disprove this observation, we’d need to see the price rise alongside open interest; volume alone doesn’t count.
