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$XRP Whales Accumulate $3.2B in Ripple (XRP), Price May Rise.
Large investors holding between 100 million and 1 billion XRP have added 1.34 billion XRP to their holdings in the past week, amounting to more than $3.26 billion. Some attribute this to XRP being included in the US cryptocurrency reserve. However, it appears that the main reason is whales buying the asset at low prices.
This indicates that they expect further growth. Despite XRP falling 18% on Monday, they did not sell their holdings, showing confidence in the token’s long-term potential.
The current divergence between the price and DAA is a buy signal for Ripple as investors are showing resilience in challenging market conditions. With more investors holding their positions and fewer sellers, the market sentiment is becoming more bullish.
If buyers continue to push the price higher, it will set the stage for a sustained rally involving both retail investors and big players.
Large investors holding between 100 million and 1 billion XRP have added 1.34 billion XRP to their holdings in the past week, amounting to more than $3.26 billion. Some attribute this to XRP being included in the US cryptocurrency reserve. However, it appears that the main reason is whales buying the asset at low prices.
This indicates that they expect further growth. Despite XRP falling 18% on Monday, they did not sell their holdings, showing confidence in the token’s long-term potential.
The current divergence between the price and DAA is a buy signal for Ripple as investors are showing resilience in challenging market conditions. With more investors holding their positions and fewer sellers, the market sentiment is becoming more bullish.
If buyers continue to push the price higher, it will set the stage for a sustained rally involving both retail investors and big players.
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