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XRP fall, I laughed.
Today, XRP failed to maintain the small rise of the past few days, plunging from $2.81 straight to $2.77, a fall of 1.57%. Behind it, a big whale is causing trouble, with 7.1 million XRP sold off, creating quite a liquidity shock. This has awakened a lingering sense of panic in the market, and the high-profile @MoonLamboio is adding fuel to the fire, leading the charge with "XRP CRASH, NOW @ $2.82!!!" As soon as this was said, the suckers were played for suckers even harder.
Interestingly, those technical analysts had long been focused on the support level of $2.84, as if waiting for a prophecy to come true. Sure enough, the price indeed hit this point, and the technical analysts could only smile faintly, having to acknowledge that the market was quite "appreciative" of their "predictions." Even with the favorable news of Ripple applying for a banking license, it couldn't withstand this momentum of playing people for suckers.
It may seem like there's nothing new, but that's the market for you; there are always a few unexpected twists to keep us financial "adventurers" from getting too bored. Stay alert, and let the bullets fly for a while!