#XRP Whales: 569 Vanish, But Holdings Hit 7-Year Peak—Consolidation Alert? 🐋📈 #Market_Update
XRP's whale scene is weirdly bullish right now. Over 8 weeks, 569 wallets with 100M+ XRP (20.6% drop) disappeared—likely from mergers, profit-taking, or shifts to exchanges/custodians. But the twist? Remaining whales now hoard 48B XRP, the highest since 2018! This screams accumulation by big players absorbing supply, not dumping.
What's Going On?
- Consolidation Mode : Whales are merging bags for efficiency, pulling XRP off exchanges (outflows like 72M on Nov 15). Less liquidity = potential squeeze.
- Bull Signal? Historical parallels (2017, 2020) led to rallies. With ETF hype and Ripple wins, this could fuel upside—price at ~$2.02, eyeing $3+ if support holds.
- Risks : If it's sales disguised as consolidation, watch for dips below $1.90. Santiment says it's long-term conviction, not panic.
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