With $380M in Purchases, Ripple Whales Continue Their Binge; Will XRP Rise?

In less than a week, XRP whales have amassed over 380 million tokens, a colossal accumulation frenzy.

Their actions indicate that they are enthusiastic about the short-term prospects of the digital asset.

According to blockchain data from analytics firm Santiment, large investors have been steadily increasing their XRP holdings over the past few weeks. This indicates a significant increase in whale holdings.

It is possible that whale behavior and market value are correlated, as this accumulation pattern closely resembles XRP price fluctuations. The crypto world is going crazy trying to predict what these rich people will do with XRP next when their combined holdings reach an all-time high.

Whale Behavior and Their Impact on the Market

When the price of XRP dropped to around $0.505 in early September, whales began to accumulate again. From 6.78 billion XRP to over 7.17 billion as of Thursday, these significant investor holdings have since increased. The surge in XRP prices occurred in tandem with this intense buying.

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