It continues to be remarkable developments in the crypto money market. Finally XRP The intense sales of its whales sat on the agenda of the market. Cryptoquant Analyst MaartunnThe data shared by the XRP Ledger shows that large -scale transfers are negative. The table is similar to the previous processes in which the whales continuously distribute during the periods when the price reached the peak. XRP is currently having difficulty in overcoming the $ 3 level.
Whale sales suppress XRP price
Maartunn’s X According to the data transferred from his account Xrp ledger The sales -directional transactions of the major investors on it have increased. The negative flow seen in the graphs reminds us of a similar process seen at the beginning of the year. At that time the price reached the local summit, then a harsh correction was. Now the fact that the whales show similar trends attracts the attention of investors to price pressure.
The difficulty of exceeding the $ 3 level of XRP reinforces the table. CryptoappsyAccording to data altcoin After the decline to $ 2.89 during the day, the news is traded at 3 dollars while the news is prepared. Also the leading stock market of South Korea UpbitThe transport of XRP to an unknown wallet worth $ 69 million from the ‘$ 69 million came to the forefront among the developments that increase uncertainty in the market. The large whale transfer identified was interpreted as a sign that sales pressure can further concentrate.
The figures related to XRP maturity are filling eye
Despite the pressure of whale sales on the price, mobility continues in the derivative markets. The XRP’s open position (OI) in futures and options markets increased by 3.55 percent in the last 24 hours to 8.11 billion dollars. Especially Chicago -based Cme XRP futures listed on the stock market came to the fore with the increase of 16 percent.
Moreover, CME’s futures contracts for XRP have been the fastest product that reached $ 1 billion in the last months. This success shows that the interest of big investors and institutional actors in XRP increases gradually increasing in derivative products. Although the spotlight continues in the market, the growth in the futures transactions gives different signals for the future of the market.
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.
