The market’s attitude has become subtle, and the order book depth for $XRP ‌ is kind of interesting. The buy wall is nearly twice as thick as the sell wall on the same level, but the price just can’t go up. This suggests that someone is quietly accumulating below, but the overhead selling pressure isn’t small either.

On-chain data is even more obvious: in recent days, several large wallet addresses have been quietly moving $XRP—amounts aren’t small—and they’re moving it toward new addresses. Old hands know this kind of anomaly: it’s either turnover/rotation or they’re preparing to do something.
The community is quite divided right now—some think it’s accumulation, others think it’s distribution. My take is: don’t rush to pick a side before the trading volume expands. 1.08 is the short-term bottom line. If it breaks, leave; if it doesn’t, wait.#GateCardApplicationNoExtraAddressProofRequired