XRP, the cryptocurrency associated with Ripple, recently scaled a multi-year high of $2.79, as reported by CoinGecko. Ripple CEO Brad Garlinghouse acknowledged this significant rally with a simple "good morning" to the XRP community on social media. Garlinghouse previously hinted that the departure of former SEC Chair Gary Gensler could positively impact the crypto market. This sentiment was echoed by Anatoly Yakovenko of Solana, who described Ripple's victory against the SEC as a "fatal wound"
You’ve probably seen screenshots of a massive, or not so massive, $100,000 Bitcoin sell wall. But before you take these images as gospel, let’s take a closer look at what this actually means—and what it doesn’t mean.
Here’s the reality: that wall is not what you think.
In the world of trading, market data comes in two key forms: L1 (Level 1) and L2 (Level 2). L1 provides a snapshot of the market with the best bid, ask, and last trade price. L2 goes deeper, showing the order book with multiple