The currency $XRP
, associated with Ripple, is currently under market surveillance, as the largest holders, known as "whales," have begun a significant accumulation wave. In just the past week, these influential investors collectively acquired over 420 million tokens$XRP , valued at over $915 million. This large influx of capital indicates#XRP strong and growing confidence among key players regarding the future path of the asset.
Divergence in investor behavior and key transfer operations
Despite this strong institutional interest, the creation of new wallets for $XRP has seen a slight decline, indicating a more cautious stance among retail investors. This divergence suggests a potential move of "smart money," as large entities quietly prepare themselves ahead of a broader market rally. Furthermore, significant transfers of XRP have been observed, including Ripple itself transferring 200 million XRP, which is likely intended for public service institutions or strategic partnerships. Other large transfers to trading platforms like Coinbase may indicate some profit-taking, but the overall trend suggests accumulation.
Increased activity on the network and price prospects
The strength of the XRP network is clearly evident. The number of wallets holding more than one million XRP has reached an unprecedented level, reinforcing the accumulation theory. Additionally, daily active XRP addresses have seen a significant jump, confirming the increasing user interaction and utility within the network. XRP is currently trading at around $2.18, showing a notable recovery. To verify its breakout, it needs to establish strong support above the $2.20 level. Technical indicators, although largely neutral, have started to show slight upward trends in the short term, aligning with the notable accumulation of whales, indicating an imminent period of price increases. #Ripple #NODEBinanceTGE #USCorePCEMay #BTC110KToday?