XRP Sees Largest Whale Accumulation in 90 Days: Potential Impact
XRP was able to bounce back strongly after falling near a multi-month low value indicating a potential increase in demand.
Large wallets (whales) have Accumulated Nearly 70 Million XRP tokens in the last couple of sessions.
The XRP crypto has shown remarkable resilience by holding above a crucial support level for the past 11 months. Furthermore, the recent increase in whale accumulation over the last couple of sessions indicates that large holders are looking to defend the support. This bodes well for the future of XRP and suggests that we may see increased interest and investment ahead.
It's possible that this could unlock the door to a potential turnaround and bring an end to the downward trend that XRP has been experiencing.
Whales Transaction In XRP At its Peak In The Past 3 Months?
In the previous week, the value of XRP had been decreasing and it reached an 11-month low, losing 22% in just one week. This sudden decline caused worry about the psychological support of the $0.5 level and the 11-month low.
However, it seems that big investors, also known as "whales," were aware of this issue and have started taking action to prevent it. In the last couple of sessions, addresses holding between 1 million and 10 million XRP have added over 70 million XRP to their wallets. This purchase, worth more than $35 million, is the largest buying noted in the past three months.
<iframe title="Santiment Chart: [100,000 - 1,000,000) coins (XRP), [10,000 - 100,000) coins (XRP),
Large wallets (whales) have Accumulated Nearly 70 Million XRP tokens in the last couple of sessions.
The XRP crypto has shown remarkable resilience by holding above a crucial support level for the past 11 months. Furthermore, the recent increase in whale accumulation over the last couple of sessions indicates that large holders are looking to defend the support. This bodes well for the future of XRP and suggests that we may see increased interest and investment ahead.
It's possible that this could unlock the door to a potential turnaround and bring an end to the downward trend that XRP has been experiencing.
Whales Transaction In XRP At its Peak In The Past 3 Months?
In the previous week, the value of XRP had been decreasing and it reached an 11-month low, losing 22% in just one week. This sudden decline caused worry about the psychological support of the $0.5 level and the 11-month low.
However, it seems that big investors, also known as "whales," were aware of this issue and have started taking action to prevent it. In the last couple of sessions, addresses holding between 1 million and 10 million XRP have added over 70 million XRP to their wallets. This purchase, worth more than $35 million, is the largest buying noted in the past three months.
<iframe title="Santiment Chart: [100,000 - 1,000,000) coins (XRP), [10,000 - 100,000) coins (XRP),