A look at the market from a positioning perspective: Ripple’s former CTO David Schwartz has significantly reduced his crypto holdings
When the news breaks, two things usually happen in the market at the same time:
· Early buyers start looking for an opportunity to exit
· Traders who only came in after seeing the news start buying
The balance of power between these two groups determines the direction of the price. $XRP 24h trading volume: $167 million. Watch for any sudden spike in turnover.