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This is typical and breaking 330 seems nearly impossible. Here's a part of order book from Korbit.

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["320","2572028.043098","1"],["321","306440.851705","1"],["322","115196.192196","1"],["323","477919.219329","1"],["324","268873.701235","1"],["325","636169.184627","1"],["326","143113.086069","1"],["327","227033.763858","1"],["328","448672.226878","1"],["329","712757.342797","1"],["330","2649218.696068","1"]

https://api.korbit.co.kr/v1/orderbook?currency_pair=xrp_krw

You'll notice 320 and 330 have really high ask volume. No one tries, they just start shorting at 319 and 329.

The demand is just not there. 

Edited by Guest
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How about this?

4 hours ago, rowling said:

When XRP reaches 27-28 cents someone just cries a masssive amount.... This is weird man, I mean I keep wanting to believe it's not tears but I don't understand why investors won't wait for a great year that's waiting ahead of XRP... It's like they don't try and accumulate additional XRP and are stuck in margin positions

Fixed

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9 hours ago, rowling said:

When XRP reaches 27-28 cents someone just sells a masssive amount.... This is weird man, I mean I keep wanting to believe it's not Ripple but I don't understand why investors won't wait for a great year that's waiting ahead of XRP...

There is enough buying on poloniex, might actually get through this the way its going. Bit hard to read when all go up, but plenty of money out there ready to buy at the moment!

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1 minute ago, RegalChicken said:

the big sell walls I'm seeing are at $.29 and $.30 now. But fairly smooth sailing till then. 

Although strongest support is at $.235 - $.25. Anyones guess right now. 

1.4 mill for sale at .28 on polo just dropped in

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Reminds me of this whale thread:  

 

What may ring true from this thread is that eventually, whales may not be able to keep it down, and demand will surpass their will.  

Personally, I have had about a dozen people ask me about ripple in the last week. Some knew I was in, others heard from others.  Point being, new people looking to get into crypto and are doing their HW before jumping in, are finding XRP.  The big question I get is how do I buy it...accomplishing this is shrouded in mystery for many new investors. More exchanges over time will ease this pressure point.

 

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Yeah, there are folks trying to sell at $.30.  Around 2M worth, probably more.  There is another barrier at $.32.  Breaking through both of those will allow XRP to start acting like the other coins that have taken off recently.

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