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bRo iS xRp exChAnGe rEsErvEs HIgHeR, BuT iS tHe THrEAt
The surge in XRP exchange reserves raises concerns of a looming sell-off, yet unusual whale activities and stablecoin metrics hint at a conflicting narrative: potential
xrp exchange reserves surge on major platforms, but whale transactions and stable coin metrics hint at a different narrative: ongoing selling pressure and potential institutional coordination spark
Main points to remember:
– XRP exchange reserves surged on Sept 1, notably on platforms like Binance and Bithumb 📈
– Despite typical signs of a market ready to sell, unusual whale transactions and stable coin days destroyed suggest a different scenario 🐋💰
– The CVD spotlight reveals ongoing selling pressure in the market 📉
XRP holders seem unfazed by the reserve spike, as potential institutional coordination for an event is speculated 🤝
– Market structure indicates a downward trend, though some indicators suggest a weakening bearish momentum 📉📈
Is XRP exchange reserves higher, but is the threat of a sale real?
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