XRP whales have increased their holdings by $55 million in two weeks. Can this be considered a buy signal? 🚀🚀🚀

While XRP market sentiment remains neutral, XRP whales have seized the opportunity to accumulate more tokens.

Does this mean a buy signal? We are closely watching the developments related to Ripple, the largest XRP holder.

According to on-chain analysis data, whales with balances between 1 million and 10 million have increased their total holdings by 110 million XRP in the past 15 days, from 3.6 billion to 3.72 billion. This has set a new yearly high, which has formed a bullish divergence, even though prices have been falling.

As whales accumulate, XRP social capacity is declining. This asymmetry indicates that prices may rise in the future, which is a buy signal for savvy investors.

At the same time, however, Ripple started its monthly sell-off in May, selling 150 million XRP for about $75 million. Release locked tokens from the genesis block and make them available for circulation - essentially inflating the XRP supply.

This activity increased the supply and put some pressure on the price of the cryptocurrency. Currently, Sister Shui is closely watching the development direction to determine the best time to buy or exit.

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