🚨XRP Whale is making large purchases, can it break through in the future?
In April, XRP Whales bought approximately 900 million tokens, which seems to be a strong bullish signal, but there are hidden secrets behind it. Analyst Ali Martinez pointed out that despite the frequent whale activities, a transfer worth $68.7 million may imply selling pressure, which could weigh on the price. In addition, XRP's price has not broken through $2.30 under the dual pressure of the SEC delaying ETF approval and a surge in short positions, causing market sentiment to begin to fluctuate. The increase in short positions has also complicated bullish sentiment. 📉 Technical Analysis: $2.20 is a key support level, Whale demand is slowing, and the decrease in capital flow may bring downward pressure. Overall, despite the whales making significant moves, the price trend remains full of uncertainties, with the market oscillating between bullish and bearish sentiments. Do you think a breakout is imminent or will it continue to face pressure? #五月行情预测#
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🚨XRP Whale is making large purchases, can it break through in the future?
In April, XRP Whales bought approximately 900 million tokens, which seems to be a strong bullish signal, but there are hidden secrets behind it. Analyst Ali Martinez pointed out that despite the frequent whale activities, a transfer worth $68.7 million may imply selling pressure, which could weigh on the price.
In addition, XRP's price has not broken through $2.30 under the dual pressure of the SEC delaying ETF approval and a surge in short positions, causing market sentiment to begin to fluctuate. The increase in short positions has also complicated bullish sentiment.
📉 Technical Analysis:
$2.20 is a key support level, Whale demand is slowing, and the decrease in capital flow may bring downward pressure.
Overall, despite the whales making significant moves, the price trend remains full of uncertainties, with the market oscillating between bullish and bearish sentiments. Do you think a breakout is imminent or will it continue to face pressure?
#五月行情预测#