๐ XRP is falling... but big players are starting to buy
Since the beginning of the year, XRP has declined by almost 28%, and the situation looks quite painful for most holders right now. Almost 60% of all circulating coins are in the red, and the total volume of unrealized losses is estimated at around $50 billion.
Market activity has also noticeably cooled down. On Binance, liquidity has decreased, and the order books have become thinner, so even large trades can easily sway the price.
But the most interesting things are happening in the shadows.
While retail investors are nervous about the drop, whales, on the contrary, are starting to carefully accumulate.
According to Santiment, large wallets have bought hundreds of millions of XRP in recent days. Only addresses with a balance of 10 to 100 million coins added about 180 million tokens.
Personally, I always have one question about such movements:
if large sums of money quietly enter the asset during a decline, could it be that they see something the market is currently ignoring?
Currently, XRP is trading at around $1.35, and the market seems to be simply experiencing a phase of regrouping. Sometimes it is during such periods that future movements are laid down. ๐