$XRP Whales Spark Revival: A Potential Price Surge on the Horizon
A significant trend in XRP accumulation, revealing that XRP whales have acquired 40 million XRP in just 48 hours, according to insights from the analytics platform Santiment. This surge comes alongside increased large-scale transactions tracked by Whale Alerts, with wallets holding between 1 million and 10 million XRP amassing about $22 million during this period.
Despite a recent decline in total whale holdings from 3.93 billion to a three-month low of 3.8 billion XRP, there has been a rebound, with holdings rising to 3.85 billion XRP in just one day. Notable transactions include a 104 million XRP transfer valued at $55 million from an unknown wallet.
Currently, XRP is trading in a narrow range between $0.54 and $0.52, with trading volume down by 30% in the past 24 hours. However, the increase in whale activity may signal renewed interest from major investors, potentially indicating a shift in market sentiment. Historically, such accumulation has preceded price surges, raising questions about a possible resurgence for XRP in the near future.
Disclaimer: The post is for informational purposes only and not investment advice.
