You can' t say I haven' t warned you 🤨

RLT has been in an uptrend for several days. I wrote about the reasons earlier in this publication. But what will happen next?

There is not much buyer support in the order book, while we can see quite large sell orders. And at first glance, it may seem that there will be a reversal soon and a downward movement will begin. But let's not be in a hurry. Having studied the sellers' wallets, I saw that these are quite big players who have been holding the token for a long time and they are in no hurry to sell. Moreover, they are gradually rearranging orders higher. This means that their goal is not an urgent sale, but to provide liquidity to ensure a normal entry into the position for big buyers. Let's add to this that the RLT is a utility token and the people who buy it do it at the market price in order to use it immediately. This, as well as the absence of scalpers in the market, explains the lack of support.

So what conclusions can we draw? The conclusions have not changed since I wrote the last post. We're still early. As tools are adopted xrpltools.pro the demand for the RLT token will grow. Corrections are inevitable along the way, but if you are a long-term investor, then RLT really deserves to research it.

Not financial advice. DYOR

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