2 hours ago
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Key Takeaways
- XRP rallied 13% during ceasefire negotiations, peaked at $1.50 on April 17.
- Whales moved coins to Binance from April 11 – before the opening, not after.
- Whale transactions near zero since – distribution likely complete.
- Retail inflows consistent throughout, holding the floor.
- Exchange reserves ticked up modestly then flattened.
- RSI at 53.74 – momentum cooled, structure intact.
Since February 28, when the US and Israel struck Iran, the Strait of Hormuz has been a revolving door of threats, partial openings, reversals, and ultimatums. Trump gave Iran deadlines. Iran let China and India through. The April 7 ceasefire changed almost nothing in practice. The Islamabad talks collapsed. The US imposed a full naval blockade on Iranian ports on April 13. Markets had been whipsawing on every headline for a month and a half, not waiting for relief, just repricing chaos in real time.
It was in that envir...
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