Recent XRP Data Shows Whales Increasing Holdings Amid Price Decline
05.07.2024 21:00 1min. read Alexander Stefanov
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.
However, 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.
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