An analyst claims that large Coinbase-linked holders are keeping XRP’s price pinned with buy and sell walls on both sides of the market, including heavy sell orders above $1.70 and $2.00 and buy orders just under $1.52. XRP was trading around $1.51 at time of writing, representing a more than 50% jump in seven days despite consolidating after a rally that took the token from below $1.00 to nearly $1.70 in under 72 hours. ETF flows into XRP funds totaled $13.82 million, bringing combined AUM to $1.441 billion. The token remains approximately 59% below its all-time high of $3.65, with market watchers viewing the $1.65 to $1.70 zone as the level where its fate will be decided.
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