Recent XRP Data Shows Whales Increasing Holdings Amid Price Decline
XRP has seen a rise in holdings by its largest investors, known as whales, despite recent price declines.
Santiment data reveals addresses with over 1 billion XRP increased their share from 39.81% in mid-June to 41.46% now.
This accumulation trend is viewed positively for potential price stability.
Whales’ buying suggests confidence in XRP’s future, despite its recent drop to $0.43, down 6.52% in 24 hours, with potential to reach $0.45.
ПРОЧЕТИ ОЩЕ:
Crypto Bloodbath Liquidates $640 Million in the Past DayHowever, other metrics show reduced token movement from long-term holders, easing selling pressure.
Technical indicators suggest XRP is oversold, hinting at a rebound, though uncertainties remain about market conditions and investor actions influencing XRP’s price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Serious Flaw in XRP Ledger SDK Exposes Private Keys; Foundation Fixes with New Release
Dogecoin or Shiba Inu: Which Memecoin Could Explode First in 2025?
Perplexity AI to Testify in Landmark Google Antitrust Case
Perplexity AI, a rising competitor in the search industry, is set to play a key role as a witness in the ongoing United States Department of Justice (DOJ) antitrust trial against Google.
Manychat Secures $140 Million to Advance AI-Powered Business Messaging
Manychat, a leading business messaging platform, has raised $140 million in a new funding round to accelerate its artificial intelligence (AI) capabilities and expand its global business communications market reach.
Trending news
MoreCrypto prices
More
