xrpwhales"

XRP has had a rough start to December. The coin fell below two dollars after the market crash on the first of the month and touched a low near one point nine zero. It later made a small rebound and moved back to about two dollars. Even with this small bounce the price is still down on both the daily and weekly charts. The weak price gave large holders a chance to buy more and they did not waste the moment.

Whale activity has been high for a full month. Data shows that the average size of spot orders stayed large for thirty straight days. When this kind of data appears it usually means whales are taking part in the market in a big way. The key question is whether they are buying or selling. In this case most signs point toward buying. For three weeks the spot taker trend stayed in the green which means most of the orders hitting the market were buy orders. This shows steady whale accumulation even while the price looked soft.

There is also a shift in how big wallets are behaving. The number of wallets that hold one hundred million XRP or more dropped by a little over twenty percent in eight weeks. That seems like a bearish signal at first but the total amount held by this group actually rose to forty eight billion XRP. This is the highest level in seven years. That tells us that fewer large wallets now hold a bigger share of the supply. The ownership is becoming more concentrated and these wallets are building their positions instead of reducing them.

At the same time whale movement to trading platforms stayed low. The flow of whale transfers to platforms stayed near one thousand a day for a month. This shows that whales are not looking to sell. Instead they are keeping tokens in their own wallets which fits the picture of a long term buying phase.

Even with all this whale interest the price charts still look weak. Technical signals show that the market is under bear control. One key signal is the Relative Vigor Index which made a bearish cross and dropped below zero. This means that downward pressure is still strong. It also means buyers have not gained enough strength to flip the trend. For traders this creates a risky setup because the price can test lower support levels again.

If this pressure continues XRP may fall below two dollars again. There is some support near one point nine but that may not hold if sellers stay active. On the other hand if whale demand becomes strong enough at current levels XRP could recover toward two point two and aim for two point five over time. The market needs clear proof that buyers can overpower the sellers before any real shift can take place.

In short the number of very large wallets has fallen but their total holdings reached a seven year high. This shows that whale interest is strong but the market structure is still weak. The next move for XRP depends on whether this demand can overcome the bearish pressure around the two dollar level.
#Xrp🔥🔥 #XRPWhales" #cryptooinsigts #CryptoNewss