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Top Trader Points to Behind-the-Scenes Buying on XRP Market
In a recent interview, a well-known trader pointed out that the sudden and unexpected surge in the price of XRP may be attributed to behind-the-scenes buying. According to the trader, this could potentially be related to the impending decision from the SEC regarding Ripple’s lawsuit.
The trader believes that institutional investors are not yet aware of the imminent news, but savvy traders like themselves are already preparing for a potential upswing in XRP’s value. They pointed out that such large-scale buying would have been difficult to detect using publicly available data, as it is often done through dark pools or other off-exchange platforms.
The trader emphasized that this could be a major turning point for the asset and advised investors to take advantage of the current price surge before it becomes mainstream knowledge.
Source: https://u.today/top-trader-points-to-behind-the-scenes-buying-on-xrp-market
