Recently, the holding amount of large holders with 100 million to 1 billion of $XRP has reached a new high in nearly a year. This means that these whales are quietly buying a large amount of XRP.

$XRP From a technical perspective, it looks a bit like the second wave of the market is starting. If it breaks through 3.4, it is estimated to go towards 10. At that time, it wouldn't be impossible to pull ETH down from the second position.

On July 5th, I posted in the square to remind everyone that there were some unusual situations on the XRP chain: multiple large holders began transferring in and out of Binance frequently, appearing particularly active. A similar situation occurred once before, when the XRP price rapidly increased from around 0.5 yuan to about 3 yuan, with an increase of nearly six times. Currently, it seems like something big is really coming.

Many people do not understand why Ripple's XRP can become a mainstream currency. In fact, the trading volume on the XRP chain exceeds that of ETH. Its main function is institutional transfers, which is their fundamental support. No matter what others think or say, as long as there are users, it has value.