XRP entered the week with a limited but permanent rise of 1.6 percent; On the other hand, the transaction volume fell 22.9 percent in the same period. Coingecko data shows that the price is around $ 2,20. The crypto currency, which reached the summit of the week at $ 2,35 on May 27, was recovered after being withdrawn to $ 2.11 on May 31 and returned to its current level. Even the general market breathing on Tuesday, Ripple $2.21‘s 130 million XRP transfer could not completely erase the uncertainty created.
Possible Effects of Ripple’s Giant XRP transfer on the price
The 130 million XRP, which was moved to different wallets by Ripple at one time, instantly sharpened price expectations. This transfer, which was made within the scope of liquidity management, created a concern that it could open the door to sales pressure as in the past examples. Although the company spokesman emphasized that the transactions are only aimed at the optimization of corporate liquidity, the block chain monitoring platforms took the transfer addresses. Because high -volume XRP movements can create fluctuations in the order books and cause sudden price deviations. The redirection of liquidity among the pools provides a more balanced market in theory; However, large -scale token shifts also prepare the ground for triggering short -term speculative processes. Experienced market actors prefer to remain cautious by reminding that similar transfers are sometimes up to the price of the past, sometimes they are facing hard sales.
With the spread of the transfer news, the depth of order in the spot exchanges decreased, which led to a more easily jump or decrease in the fine volume zones of the price. Some investors saw Ripple’s mobilizing supply as a “early warning” and narrowed their positions; Some of them were preparing for opportunities. While open positions in the option market slightly decreased, the ongoing interest rate hike discussions and hardening in the dollar index enlarged price fluctuation. Although the market makers tried to keep the average cost of around 2.20 dollars, the order books have become more fragile due to the volume decrease. This fragility, in particular, increases the explosive effect of short -term leveraged processes, making sudden wick movements in XRP possible.
The impact of global economic tensions on investor trust
Trade tensions on the axis of US-China tariffs stand out as one of the main factors that narrowed the risk appetite in the crypto currency market. This geopolitical printing, which is combined with the volatility in commodity prices, causes investors to shrink crypto money portfolios and return to cash. Rising returns, especially in the derivative products, eroding leverage ratios, such as XRP, such as large -capital crypto currencies, the volume of transaction leads to a sharp decrease. The re -climbing of VIX over 20 levels of VIX in the traditional market accelerated the escape of the risk of corporate participants. In this atmosphere, Ripple’s token movements inevitably fall under a magnifying; Because the market is forced to pricit the macro uncertainty and the company -based news flow in the same pot.
In the short term, the XRP will continue to release in the $ 2,11-2.35 band. The appetite of the buyers may be limited before the macro front is softened and the additional sales signal from Ripple arrives. However, in -chain data shows that the average cost per address is clustered around $ 2.05; This indicates that the level of support has not yet broken. Analysts argue that a few days of closing over $ 2,20 can strengthen market confidence.
On the other hand, the upward movement of the price may not be permanent unless the volume is recovered. On the radar of investors, Ripple’s new transfers, as well as the Fed meeting calendar and global PMI data. These intersecting factors have the potential to carry the volatility in the XRP on the “normal” range.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
