【Crypto World】XRP has recently been consolidating around $2.05. After failing to break through $2.20 previously, it has finally held the crucial $2.00 level. The current situation is a bit challenging: on one side, the US spot ETF is steadily buying daily (average $10.6 million), and on the other side, Ripple’s ongoing $200 million monthly XRP sell-off continues to exert pressure. It sounds like a stalemate, but on-chain data is quite interesting—large holders aggressively added over 50 million XRP last week, yet derivatives traders are also piling into longs quite aggressively. This kind of contrast can easily trigger a market move. In the short term, whether it can break through key levels depends on two points: either surpassing $2.20 to form a new high, or cleanly dropping below $2.00. The consolidation range in between is actually quite limited.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
ContractTester
· 3h ago
This big player's recent accumulation is truly impressive, coordinating with Ripple's sell-off. Now it's just a matter of who will hold out first.
View OriginalReply0
MentalWealthHarvester
· 3h ago
The big players are疯狂adding over 50 million coins, this is a bet on a breakout, it feels like it's about to explode.
View OriginalReply0
MemeEchoer
· 3h ago
Whale adds 50 million tokens? What is this hinting at for us?
View OriginalReply0
ImpermanentPhilosopher
· 3h ago
Whale adds 50 million coins? That's a bold move, but Ripple's monthly sell-off of 200 million still holds up.
Ripple's money-burning sell-offs are really annoying, feels like a tug-of-war with ETF buying.
If it can't break 2.20, dropping below 2.00 will be a problem, no middle ground left.
Both bulls and bears are testing each other in this order book; whoever backs down first will be finished.
The on-chain data and derivatives are showing such a big contrast, it feels like a direction choice is imminent.
View OriginalReply0
pumpamentalist
· 3h ago
Large traders are疯狂加仓50 million coins, is this paving the way for a breakthrough or preparing to dump?
---
If $2.20 can't be broken, then accept defeat. This small gap in between is really meaningless.
---
Spot ETF is steadily accumulating daily, but Ripple is dumping. How are these two coordinated?
---
If $2.20 can't be taken down, then expect to break below $2.00. No middle ground.
---
Derivatives longs are so aggressive, it feels like a wave of liquidation is coming.
---
Big traders are疯狂加仓, I just want to know if they have insider information in advance.
---
When will this deadlock be broken? Sitting here is uncomfortable.
XRP hovers around $2.05, a tug-of-war between large investors adding positions and institutions selling off
【Crypto World】XRP has recently been consolidating around $2.05. After failing to break through $2.20 previously, it has finally held the crucial $2.00 level. The current situation is a bit challenging: on one side, the US spot ETF is steadily buying daily (average $10.6 million), and on the other side, Ripple’s ongoing $200 million monthly XRP sell-off continues to exert pressure. It sounds like a stalemate, but on-chain data is quite interesting—large holders aggressively added over 50 million XRP last week, yet derivatives traders are also piling into longs quite aggressively. This kind of contrast can easily trigger a market move. In the short term, whether it can break through key levels depends on two points: either surpassing $2.20 to form a new high, or cleanly dropping below $2.00. The consolidation range in between is actually quite limited.