【Market Turbulence】XRP Whales Continue to Accumulate, Hidden Significant Signals Behind!

As the Federal Reserve's decision and Sino-US trade negotiations approach, the price of XRP shows a consolidation trend. However, on-chain data indicates that whale investors are quietly increasing their holdings, which have risen by 1.2% since January. Despite market fluctuations, XRP's support level at $2.10 remains strong.

Current Market Situation and Trends:

Federal Reserve Decision: The market generally expects the Federal Reserve to maintain the current interest rate range of 4.25%-4.5%, reflecting a cautious attitude towards global economic uncertainty, putting pressure on the market.

Sino-US Trade Tensions: The global economy faces challenges, especially after the US imposed restrictions on chip exports to China, further escalating international trade disputes. Recent trade frictions are also increasing market uncertainty.

XRP Trend:

Price Fluctuations: XRP is currently oscillating around $2.10, facing dual pressure from the 200-day moving average and other resistance levels, with the RSI breaking below 50, suggesting potential short-term downward pressure.

Increase in Whale Holdings: Despite cautious market sentiment, whale wallets continue to increase their XRP holdings, currently controlling 9.44% of the total supply, significantly higher than 8.24% at the beginning of the year. This trend may provide support for XRP.

The future trend of XRP is still constrained by Federal Reserve policies and international trade situations, but the continuous accumulation by whales undoubtedly brings potential stability signals to the market.