On-chain data shows the XRP whales have gone on a 71 million coin buying spree over the past week even as the asset’s price has dropped. XRP Whales Have Increased Holdings Recently In a new Whales” refer to the entities holding a considerable amount of the asset in their wallet balance. These investors can carry…
View More XRP Declines 8%, But Whales Scoop Up 71 Million Tokens
The XRP price continues to struggle amid bear pressure within the market. On Friday, XRP rose by about 5.7%, which, while positive, was only a relief to an initial 7.1% loss seen earlier during the week. Meanwhile, a recent on-chain evaluation suggests that the XRP market could soon be entering an accumulation phase that could…
View More Binance Records Sharp Drop In XRP Reserves — What This Means For Price
XRP is consolidating above the $2 mark after a volatile stretch, as the market begins to wake up and traders watch for the next directional move. While price action remains relatively stable, on-chain data suggests that selling pressure from large holders may be easing, creating a more constructive short-term backdrop for bulls. A report from…
View More XRP Whale Inflows To Binance Hit Their Lowest Level Since 2021: Accumulation Behavior?
XRP has been range-bound in recent days, consolidating after successfully holding strong above the critical $2.10 support level. As one of the standout performers this cycle, XRP experienced a massive surge following the US election, capturing investor attention. However, recent price action has introduced uncertainty, leaving some investors concerned about the possibility of further downside.…
View More XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally