360 million XRP bought by whales ahead of major price move According to a recent tweet by crypto analyst Ali Martinez,
XRP whales have been spotted buying the dip as they added 360 million XRP to their bags after the token's price dropped by 12% from June 22 to June 28. The worth of XRP purchased by whales is estimated at $170 million. On June 22, XRP jumped to $0.52, but this turned out to be a trap for long positions as the XRP price reversed subsequently. The token then plunged below the $0.486 level, representing the daily MA 50. On June 28, the moment came for XRP dip buyers as the price dipped to lows of $0.464. Before continuing further upward, XRP must confirm the daily MA 50 barrier at $0.486 as support. In this situation, XRP might retest highs near $0.52.