Recent XRP Data Shows Whales Increasing Holdings Amid Price Decline
XRP has seen a rise in holdings by its largest investors, known as whales, despite recent price declines.
Santiment data reveals addresses with over 1 billion XRP increased their share from 39.81% in mid-June to 41.46% now.
This accumulation trend is viewed positively for potential price stability.
Whales’ buying suggests confidence in XRP’s future, despite its recent drop to $0.43, down 6.52% in 24 hours, with potential to reach $0.45.
ПРОЧЕТИ ОЩЕ:
Crypto Bloodbath Liquidates $640 Million in the Past DayHowever, other metrics show reduced token movement from long-term holders, easing selling pressure.
Technical indicators suggest XRP is oversold, hinting at a rebound, though uncertainties remain about market conditions and investor actions influencing XRP’s price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump picks ex SEC Chair for crypto oversight
Bitcoin and Ethereum ETFs see strong inflows
Cryptocurrencies aiming for next milestones
Meme coins surge in 2024 with 93 billion growth crypto giants