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International Business Times
International Business Times
Business
Marvie Basilan

Are 'Dark Pools' The Reason Why $XRP Price Barely Moves Despite Big News?

XRP Crypto ProShares
Dark pools are affecting $XRP prices negatively in the short-term but could be the catalyst for a moonshot in the long run, an expert said. (Credit: IBTimes US)

KEY POINTS

  • DAG's Claver said big players are utilizing 'dark pools' to stack up on crypto, including $XRP
  • Dark pools hide the momentum in massive buying, suppressing the price and sowing doubt among retailers
  • In the long term, dark pools are setting up the perfect scenario for a price pump, Claver said

XRP has made headlines in recent months amid massive developments around Ripple, the cryptocurrency's largest corporate holder. However, questions have lingered around the token's unmoved price, and for one expert, "dark pools" may be the reason.

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