Egrag Crypto Calls Out Binance’s XRP Price Manipulation

XRP is trading at $1.36, down over 14% in recent sessions. The order book indicates a significant imbalance between buy and sell orders. Bids account for 31.5% while asks dominate with 68.5%.

This shows strong retail selling pressure. Crypto analyst EGRAG CRYPTO (@egragcrypto) noted, “68% of retail selling,” emphasizing the intensity of the current market moves.

The analyst shared an image showing concentrated activity around key price levels. Large orders cluster near $1.3641 to $1.3650 on the ask side, signaling potential short-term resistance. Bids between $1.3630 and $1.3640 show buying interest, suggesting support zones that could hold under pressure.

Exchange Activity

Binance’s order book displays structured sell pressure, which EGRAG CRYPTO describes as “organized dumps by exchanges.” The pattern has persisted throughout this market cycle. Sell orders outweigh buys significantly, which indicates that stronger hands are absorbing retail liquidation. This activity can precede swift upward moves once weaker positions exit.

The analyst added, “first they need to wash out newbies,” indicating that the market is in a phase where speculative traders are being cleared before stronger hands act. The current order book suggests that these movements are deliberate rather than random, with liquidity stacked for maximum market effect.

Key Levels to Watch

Support is visible around $1.3630 to $1.3640. Buyers are active here, though they are outnumbered by sell orders. Resistance is concentrated between $1.3650 and $1.3670, with large asks signaling potential short-term ceilings. Traders entering near support may see rapid tests of these resistance levels if selling subsides.

EGRAG CRYPTO shared his personal strategy, saying, “If it is filled I will be doubling my bag.” This indicates confidence that the current sell pressure represents an opportunity for accumulation rather than a sustained downtrend.

What’s Next for XRP?

The order book suggests XRP is at a critical stage. Retail is selling heavily, but strong bids remain to absorb pressure at lower levels. Once weaker hands exit, larger traders could dominate price movements, providing a potential rebound.

The market’s current setup favors traders who can act on support levels while monitoring sell walls. The combination of retail sell pressure and structured exchange activity indicates that the market is in a transitional phase. Traders following XRP’s movement can use the order book to identify potential entry points and assess where buying strength may emerge.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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