Analysts highlight the “Dip The Dip” opportunity as Crypto Markets exceeded $1.5 billion in liquidation of its second leveraged position this week.
Meanwhile, some exchanges are taking this time to prepare liquidity for future bull markets. In the case of Coinbase, the biggest US crypto exchanges seem to know something about Ripple (XRP) that their competitors don’t have.
The meaning behind Coinbase’s 93.3% XRP flash
Coinbase’s massive liquidation has raised eyebrows once again as it pulled 32.84 million XRP tokens from its cold & hot crypto wallet over the past seven days. While cash outs are plunging over $100 million, Bybit & Binance is holding billions of daily markets, while cash outskirts of XRP coins in Coinbase’s futures market.
Currently, with 2,353,401 XRP coins in place, Coinbase goes down on the extensive list of XRP Ledgers and owns no more ripple tokens than some independent crypto whales. Of the other well-known code names, only exchanges for Nexo, Robinhood, and Deribit Crypto will have fewer Ripple (XRP) coins on hand.
XRP is short, is the price ready to rebound?
Analysts hope that the recent all-time high of $3.65 will face a retest due to numerous legal headwinds that will bring new adoption opportunities to Ripple (XRP). Meanwhile, below the $3 price level that testifies to bull traps known as fake-out, the price is likely to plummet to $2, bounce back the next major demand area.
Big Time players may be informing Ripple Coin (XRP) has found its foot this week as Chaikin Money Flow (CMF) ultimately went positive on Friday evening.
Ripple’s market value is well below the $3 psychological threshold, but exceeds the middle class Bollinger band (Boll). This is a line that trends its relationship with Crypto Bears & Bulls or Short-Sellers vshielvers.
For a larger upward breakout, this confluent resistance area stands for Red Label Bollinger Band, so the mainstream remittance Altcoin price should tack $3.52.
Nevertheless, a proper Altcoin rebound could be dragged through until late 2025 when all 11 Ripple ETF submissions settle. Currently, Bloomberg experts agree that there is a 95% chance of Ripple-based ETF approval this year.
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People ask:
Following the latest rich list data, there is a possibility of large withdrawals or transfers to Ripple partners.
92.8% drops to 2,353,401 XRP, reflecting intense demand or Coinbase’s strategic real location.
With just 2.35m remaining, liquidity could tighten and prices could rise if demand surges, but sharp swings take risks.
Yes, such a low reserve may be planned for quick adjustments in the event of a rapid increase in demand.
Do a deep research and consult an expert. This spare crash adds a high degree of uncertainty to the market.