On-Chain Insight | Large XRP Holders Increase Accumulation
Recent on-chain data highlights a notable divergence in XRP market behavior. While price action has softened, the number of wallets holding 1 million XRP or more has risen to a four-month high, signaling increased activity among large holders.
This pattern is commonly associated with accumulation during periods of weakness, where supply is gradually absorbed by long-term participants rather than distributed. Such behavior can contribute to stronger underlying support and may influence future market structure if accumulation persists.
Market Interpretation:
When large holders continue to build positions amid declining prices, it often reflects confidence in longer-term fundamentals rather than short-term speculation. Monitoring this metric alongside price response will be key to assessing whether this accumulation phase evolves into broader structural strength.
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