Ripple move 200M XRP dey make people dey speculate as price reach $3.06
Ripple just do one big transfer of XRP wey don cause gbege. For 18th August, Ripple send 200 million XRP (about $606 million) go one unknown address. People dey talk say maybe Ripple dey plan to do big institutional deals or dem fit wan dump the market. This one happen when crypto market dey go down and XRP price drop to $2.95. But e come recover reach above $3.06 showing say e strong. On-chain numbers show say 94% of XRP wey dey circulation dey make profit now, meaning say plenty long-term holders still get trust. Traders and analysts no gree for the transfer meaning. Bulls believe say na sign of upcoming partnerships, but bears dey warn say e fit lead to market sell-off. Market people go dey watch future XRP movements and volume changes make dem see clear sign.
Neutral
Ripple send 200 million XRP and price bounce back pass $3.06 don boost people hope, e show say demand strong and holders get confidence. But the transfer go unknown address dey cause wahala, e get people wey dey fear say market fit too sell anyhow. Big XRP move like this before sometimes show better partnership, other times e mean say people go sell. This kain mix situation dey make traders fit see short-time wahala. People wey hold long term still get confidence because 94% of the coins wey dey market dey make profit. So the whole market effect fit be neutral, we go dey wait more on-chain action and better signs about why dem transfer am.