Analysis Crypto by Thebittimes.Com

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Amidst the tariff turmoil of early April, XRP plunged into the unknown as it lost the critical $2 support zone.  Simultaneously, traders made a vote of confidence in the token by generating enough buying pressure to return it, by press time, to $2.01, with ‘smart money’ investors playing a pivotal role on April 9, per the data Finbold retrieved from Spotonchain on April 11. XRP smart money moves and token price. Source: Spotonchain Specifically, ‘smart money’ provided two-week-high inflows on the day, taking advantage of the ‘dip,’ and stabilizing XRP above $1.75. Interestingly, data reveals that these experienced traders were also not certain how low the token would go, as records show no significant buying at the April 7 $1.65 lows.  Indeed, veteran investors appear to have waited for the market to find a bottom and entered the game only after XRP made its first downward correction on its path to recovery. Are the smart money XRP inflows bullish? ...