Could a Major Purchase by a Ripple Whale Ignite XRP's Next Significant Uptrend?

Large-scale Ripple investors, or 'whales', have recently made significant purchases, potentially laying the groundwork for an upcoming surge in XRP value. Crypto analyst Ali Martinez reveals that these major market players have acquired 320 million XRP in a mere three days, equivalent to around $1 billion. These large-scale purchases could positively impact the price of the underlying asset by reducing immediate selling pressure and setting a precedent for retail investors.

Notably, Ripple whales began accumulating substantial XRP amounts in mid-July, triggering a price rally and a record high of over $3.60. However, XRP value dipped below $2.80 when some gains were locked in. This pattern of large accumulations sparking price increases isn't exclusive to Ripple; Dogecoin and Cardano whales also went on buying sprees recently.