analysis of $XRP (part 4)
reduced fine, which could "trigger a new bullish cycle in XRP".
* Reserves on exchanges: An increase in XRP reserves on exchanges may indicate greater selling pressure, while a decrease could suggest accumulation by investors who withdraw their tokens to hold them long-term. Mixed signals have been observed in this regard, with some reports of increased reserves on exchanges, which could create caution.
In summary:
Rumors of massive purchases by whales in XRP are consistent with recent information showing a significant accumulation trend and an increase in the number of large holders. This activity is seen by many as a positive indicator reflecting growing confidence in XRP's potential, especially with advancements in the SEC case and the possible approval of ETFs in the future.
However, as always in the cryptocurrency market, volatility is inherent and the movements of whales, although influential, do not guarantee a specific outcome.