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}