Ripple Whales Continue Their Massive $380 Million $XRP Buy-In: Could a Surge Be on the Horizon?
Over the past week, $XRP
whales have been on a relentless buying spree, snapping up over 380 million tokens.
This strong show of confidence suggests that large investors are betting on a positive short-term outlook for the asset.
On-chain data from Santiment reveals that whale holdings have been steadily increasing in recent weeks, pointing to a major shift in market dynamics.
The growing accumulation by these influential players is drawing attention, with many speculating about its potential impact on XRPâs price movements.
The correlation between whale activity and market value is becoming increasingly clear.
This surge in buying mirrors XRP's previous price patterns, leading analysts to believe that the current whale actions could signal another major market move.
As their collective XRP holdings approach record levels, the crypto community is buzzing with speculation about what might come next.
Whale activity picked up once again after XRP dropped to around $0.505 in early September.
Since then, these investors have boosted their holdings from 6.78 billion XRP to more than 7.17 billion.
This intense purchasing coincided with a price rally for XRP, a familiar pattern seen just seven weeks ago.
Back in mid-August, following Ripple's legal victory, whales accumulated a historic 7.2 billion XRP, propelling the token's value by 30%.
Although XRP recently fell from its August high of $0.6416 to $0.5059, the renewed interest from whales has reignited hopes of another surge, especially with new developments like Grayscale's XRP Trust, which has seen a notable rise in value since its debut.
