An ambiguous tweet sent the #xrp community into a frenzy! Whale XRP Whale posted a bearish take paired with a bullish emoji, leaving everyone arguing over whether it was truly bearish or hinting that the bottom was in. After the election results came in, regulatory expectations worsened, selling pressure kept mounting, and a large number of long positions were liquidated. $XRP
has fallen all the way from $1.55 and is now clinging desperately to the $1 support level.
Some think this is a whale shakeout designed to dump retail investors; others agree with the bearish outlook. The entire market is now watching the $1 mark: holding it could leave room for a recovery, but if it breaks below, there could be plenty more downside.
has fallen all the way from $1.55 and is now clinging desperately to the $1 support level.
Some think this is a whale shakeout designed to dump retail investors; others agree with the bearish outlook. The entire market is now watching the $1 mark: holding it could leave room for a recovery, but if it breaks below, there could be plenty more downside.
