#USTradeDeficitShrink XRP traded rather weakly on Thursday, holding just above $2.10, even after gaining roughly 13% over the past week.
Following an extended period of crypto market quiet, the crypto-asset is emerging as a key focus for investors, with analysts now pointing to a potential major recovery ahead due to various bullish signals.
Notably, data from blockchain analytics firm Santiment highlights that whale wallets holding between 10 and 10,000 XRP have quietly accumulated roughly 26% of the total circulating supply since mid-December.
“The key stakeholders are finally accumulating again, and they now hold the highest proportion of XRP since early November.” The analysts noted in a recent analysis.
This level of accumulation is being interpreted as a strong sign of confidence among institutional and high-net-worth investors, often referred to as whales.$XRP
XRPUSDT
Διην.
2.1148
-0.69%
BNBUSDT
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939.86
+0.56%
BTCUSDT
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96,764
+1.91%