Popular cryptocurrency analyst Ali Martinez made headlines with his statement about Ripple (XRP).
Ali Martinez shared some remarkable data regarding the movements of Ripple whales in his X post dated September 19. Martinez revealed that Ripple whales have purchased more than 380 million XRP in the last 10 days.
The whales’ purchases come just weeks after the end of a years-long lawsuit between Ripple and the SEC. Martinez said in a statement:
Ripple whales have purchased over 380 million XRP in the last 10 days. That's worth around $228 million!
Investors who are highly optimistic about Ripple’s future predict that XRP can rise to higher levels with such large purchases. These large purchases, which Martinez drew attention to, may indicate that whales continue to trust XRP. The increasing interest of institutional investors in particular may have a positive impact on XRP’s market value and trading volume.
According to CoinGecko data, Ripple, which has increased by 1% in the last 24 hours, is traded at $0.588 at the time of writing.
