360 million XRP bought by whales ahead of major price move
According to a recent tweet by crypto analyst Ali Martinez, 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.