XRP whales hold a cumulative 139 million XRP
The hoarding of these whales increases buying pressure, which may lead to price increases. Despite the bullish trend, the whale address Rzn sold 43.72 million coins to Bitstamp and Bitso exchanges, indicating a variety of strategies among large investors. This combination of buying and selling activities highlights the dynamic and complex nature of market sentiment.
Despite the active buying activity, the price of XRP fell by 6.28% to $0.574. The minimum and maximum values within 24 hours were $0.5685 and $0.6366 respectively. This decline is in line with the overall trend of the entire cryptocurrency market. In addition, XRP's RSI level remains at a bullish level of 63, indicating active buying activity and indicating that the price drop may be temporary.
