Whales Keep Buying XRP Amid Previous Market Dip: Time to Shine?

cryptostudent.io 1 miesiąc temu

Ripple XRP whales accumulate significantly, signaling long-term confidence.
Whale transactions boost XRP demand, reducing selling pressure.
Amid a previously bearish market, whales appear unconcerned as they continue to accumulate XRP, considering the price dip as a discount and an opportunity to acquire more.
According to recent findings, Ripple XRP whales have been withdrawing coins from exchanges at an unusually high rate throughout the token’s price collapse, prior to the recent market recovery.
Whales Signal Confidence as XRP Accumulation Rises Amid Price Drops
These trades took place as XRP’s price dropped to local lows, falling below $0.5. Santiment data shows that whales accumulate XRP steadily. Over the last three months, the number of XRP addresses holding 10,000,000 to 100,000,000 coins has increased dramatically.
Source: Santiment
This suggests that large wallet holders are confident in XRP’s long-term performance. Price increases typically follow increased whale a

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