XRP Sees Surge in Whale Activity, Signaling Potential Price Rebound
XRP has seen notable price fluctuations recently, with a significant surge in accumulation by large investors.
Over the past week, whale addresses holding between 100 million and 1 billion XRP have quietly accumulated a substantial 1.34 billion XRP, valued at over $3.26 billion. This activity hints at a bullish outlook for the altcoin, as whales seem to be positioning themselves for potential gains.
Despite a sharp 18% drop in XRP’s price earlier in the week, these large holders have shown no signs of selling, signaling their confidence in the token’s future performance.
Speculation around XRP’s inclusion in the US Crypto Reserve has been circulating, but it appears that the accumulation is more about buying at favorable prices.
READ MORE: Dogecoin (DOGE) Eyes Major Rally as Whales Accumulate
A key indicator, the Price DAA Divergence, is currently flashing a buy signal for XRP, pointing to investor resilience in a volatile market.
As fewer investors are opting to sell and more continue to hold, sentiment surrounding XRP is turning increasingly positive. With growing investor support, there’s potential for continued upward momentum in the token’s price, bolstered by both retail and whale investments.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
