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Why $XRP {spot}(XRPUSDT) Didn’t Pump Despite a $250M Buyin

fulldeg

Updated at: 5 hours ago

{"content":"Why $XRP {spot}(XRPUSDT) Didn’t Pump Despite a $250M Buying Spree Despite a $250 million surge in buying volume, XRP’s price failed to break out, leaving traders puzzled. Key reasons include: Sell-Side Pressure: Large sell orders likely absorbed the buying volume, neutralizing price impact. Market Sentiment: Overall market conditions remain cautious, limiting speculative momentum. Whale Strategy: Some analysts suggest whales could be accumulating silently for a delayed push. Technical Resistance: XRP is facing stiff resistance around $0.55, with failure to break above it stalling momentum. What’s Next? If XRP breaks above $0.55 with volume, a bullish rally toward $0.65 could follow. On the downside, strong support lies at $0.47. #BinancelaunchpoolHuma #BinanceAlphaAlert #DinnerWithTrump #MerlinTradingCompetition #xrp ","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}

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