Cleaning the market of weak hands Retailers selling cheap Institutions and banks accumulating wealth through the back door

The XRP market just sent a bill of 70 million dollars to the optimists, and the chart is screaming that the turbulence is not over. 📉
Look, family, what happened here was a "reality check" technically. While many were expecting XRP to take off again, the price hit a wall at $1.70 and, boom!, a chain reaction was triggered. Those 70 million that evaporated were not normal sales; they were forced liquidations. Basically, those who were trading with borrowed money (leveraged) betting on the rise, the market slammed the door in their faces and their positions were sold automatically, accelerating the drop. 💸