XRP: Strong Accumulation Signal from Cryptocurrency Whales
XRP may be trading in a sideways price range, but behind that is the active accumulation of cryptocurrency whales. The latest data shows that the number of wallets holding over 1 million XRP has reached a historic peak of 2,850 wallets, an unprecedented record in the 12-year development of this cryptocurrency.
The number of wallets holding 10,000 XRP or more has also surged, recording a 6.2% increase since the beginning of the year, currently reaching about 306,000 wallets. This synchronized accumulation reflects growing confidence in the long-term potential of XRP in the market.
Buying Reaches 915 Million USD in XRP in Just One Week
In just the past week, cryptocurrency whales have purchased over 420 million XRP Tokens, equivalent to a value of over 915 million USD. This is a strong signal of confidence in the recovery of XRP. However, the significant increase among large investors does not mean that individual users are also participating actively, as the number of new wallets created has dropped to its lowest level in the past two months. This indicates a cautious sentiment in the retail investor segment.
XRP Rises 6% on Surging Trading Volume
The price of XRP has surged by 6%, from 2.19 USD to 2.33 USD, before adjusting and stabilizing around the 2.20 USD mark. This price increase was driven by an explosion in trading volume, with over 108 million XRP transferred in just one hour – nearly four times the normal amount.
Whales have seized the opportunity, with a transaction moving 58 million USD of XRP to Coinbase, along with a transfer of 439 million USD of XRP from Ripple to an unidentified wallet. Strong buying power has helped XRP maintain its price amid market growth.
Retail Investor Excitement is Heating Up
Retail investor interest in XRP is rapidly increasing. The search term 'XRP to 3 USD' on Google has been continuously rising, indicating that many traders expect this cryptocurrency to break out strongly during the period from July to September.
The lawsuit between Ripple and the SEC is still awaiting a final ruling, and clarity on the regulatory framework is seen as a potential trigger for the next explosion. Many analysts have raised their XRP price targets in the range of 3 USD to 5 USD.
There is a high probability that XRP is in an accumulation phase preparing for a strong price attack. With large cash flows from whales and the expectations of individual investors, the breakout moment has never been closer. Cryptocurrency investments need to closely monitor on-chain movements and regulatory frameworks to maximize profit opportunities.
Source: https://tintucbitcoin.com/vi-giu-tren-trieu-token-lap-dinh/
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