You Won’t Believe What $2.80 Means for XRP – Spoiler: It’s Not a Sandwich
When that much supply is parked on one price level – holding around $6 billion worth of XRP, which is either a mind-boggling figure or a really, really expensive casino chip – it becomes the big red line bulls draw in the sand. Cross below it, and suddenly millions of traders find themselves underwater faster than you can say “emergency flotation device,” causing them to panic-sell like it’s Black Friday but with fewer bargains and more existential dread.