Impact of XRP News of Accumulation:-
The impact of this XRP news of notable accumulation is already evident in the XRP price. It has recovered impressively from $3.0174 to $3.208. However, the price hovers around $3.18, climbing 1.75% over the past 24 hours.
Despite the significant accumulation by whales, overall participation from traders and investors has declined notably. Data from CoinMarketCap shows that XRP’s trading volume dropped by 36% compared to the previous day during the same period.
The potential reason behind this decline is fear among retail investors. They seem hesitant to participate in a choppy or sideways market due to concerns about a possible market crash.
