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TimesTabloid 2025-01-26 06:27:23

Software Engineer to XRP Holders: Things About to Happen. Here’s why

Software Engineer to XRP Holders: Things About to Happen. Here’s why

The XRP community recently took note of an unusual market trend highlighted by Vincent Van Code (@vincent_vancode), a crypto expert active on X. Van Code shared an image of the XRP/USDT order book, emphasizing the minimal sell-side activity. He described this situation as “calm before the storm” and expressed confidence in significant developments for XRP holders. In all my years follow #XRP I have never seen an order book with so little sellers. I see this as calm before the storm. Things about to happen in my opinion. Exiting times my fellow HODLERS pic.twitter.com/gy0Ypr7jnh — Vincent Van Code (@vincent_vancode) January 23, 2025 Observations on the Order Book The shared order book reveals a striking imbalance between buy and sell orders, with 57.92% representing bids and only 42.08% attributed to asks. Notably, the sell orders are concentrated at higher price points, such as $3.2, $3.3, and $3.4. This scarcity of active sellers is unusual within the XRP market, which typically experiences greater activity on both sides. The absence of substantial sell pressure suggests that current holders are optimistic and potentially expecting higher prices soon. The bid side, however, appears robust, with significant buy interest at key levels like $3.1 and $3.0. This demand indicates market participants are eager to accumulate XRP, possibly reinforcing the sentiment that the asset may soon experience volatility or a directional breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Dynamics and Community Reactions Van Code’s observation quickly drew engagement from the XRP community. XRP currently shows many bullish signals, as another well-known analyst recently described a “ calm before the storm ” through technical analysis patterns. However, one commenter cautioned that exchanges could exploit the situation if traders rely heavily on leveraged positions. “If too many traders are long and using leverage, exchanges may capitalize on the volatility,” he wrote, alluding to the potential for sudden market reversals. In response, Van Code highlighted the profit model of exchanges, stating, “Exchanges don’t make money on price action.” He noted that exchanges make money based on the transaction volume. His remarks emphasized the role of market activity, rather than direction, in generating revenue for both exchanges and asset managers. He advised participants to focus on accumulating and holding chosen cryptocurrencies rather than reacting to market speculation. The reduced sell-side activity, as evidenced in the order book, could indicate broader market confidence in XRP. It may also reflect a wait-and-see approach among sellers, who are potentially anticipating more favorable conditions before exiting their positions. XRP is currently trading at $3.1. This trend aligns with heightened optimism from analysts and the broader community surrounding XRP’s long-term prospects. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Software Engineer to XRP Holders: Things About to Happen. Here’s why appeared first on Times Tabloid .

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