XRP's rapid retrace before rally even began is extremely suspicious
Another noteworthy point is the sudden increase in new accounts on thenetwork that received numerous transactions. This could be attributed to a fanlike selling pattern on centralized exchanges.
In the crypto world, this kind of activity often points to"whale" behavior, where large holders of an asset move the market by making large transactions.to deny it the chance to reach a new price threshold? While it is difficult to say for certain, the data does suggest that large holders could have played a role in the asset's quick retrace.
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