Recently, the XRP market has shown remarkable dynamics. The latest data indicates that during the 48 hours from August 7 to 9, large investors accumulated over 50 million XRP tokens, amounting to approximately $165 million. This move coincided with XRP shaking off the shadow of the SEC lawsuit, with its price climbing from $2.8 in July to $3.33, a rise of 17%.



However, market analysts remind investors to exercise caution. Technical indicators suggest that a pullback may occur in the short term. $4220 is seen as a key resistance level, and if it cannot be broken, it may lead to a price retreat.

There are various speculations in the market regarding the reasons for the large purchases by whales at this time. Some believe this may be related to Ripple's project development in the field of Real-World Assets (RWA). Another explanation is that institutional funds may be seizing the opportunity to build positions at lower levels. Additionally, some analysts point out that as the risk of the SEC lawsuit diminishes, investor confidence is being boosted.

There are two possible directions for the future market. If XRP can break through $4220 with increasing trading volume, it may replicate the previous astonishing rise of 54% or even 630%. Conversely, if the trading volume is insufficient or the economic data is poor, it may trigger a decline.

Overall, the recent capital inflows have injected new vitality into the XRP market. However, the final trend still needs to comprehensively consider both the capital situation and technical factors. Investors should fully weigh risks and opportunities and maintain rational judgment when making decisions.
XRP4%
RWA15.17%
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TokenDustCollectorvip
· 19h ago
Charge! The 4k position must be broken!
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ChainSpyvip
· 08-11 22:58
Buy the dip opportunity? Don't keep thinking about traps.
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ForkItAllvip
· 08-11 20:06
Fortunately, I entered a position early.
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GateUser-0717ab66vip
· 08-09 10:50
xrp is still bullish whether it rises or not.
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BlockTalkvip
· 08-09 10:50
Just this pullback, not a loss, right?
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CryptoPhoenixvip
· 08-09 10:49
Seeing BTC is all in a fall, XRP's rebirth is imminent. Having a good mindset is key.
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Hash_Banditvip
· 08-09 10:47
hodling since 2017... ngl this difficulty level feels like mining btc in 2013
Reply0
MemeEchoervip
· 08-09 10:37
Big pump and big dump are the norm.
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TokenToastervip
· 08-09 10:29
When can you take me flying?
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