XRP experienced a tumultuous June, lacking clear direction as macro bearish signals impacted its price and sentiment. However, July may bring a reversal due to increased whale activity. In the past ten days, large XRP holders have accumulated over 610 million XRP, valued at more than $1.33 billion, despite market volatility. This accumulation occurs amid uncertain market sentiment, suggesting that major investors remain optimistic about XRP's long-term prospects. Conversely, smaller investors are hesitant, influenced by macroeconomic conditions and delays in the anticipated XRP ETF launch. Temujin Louie, CEO of Wanchain, remarked on XRP's speculative nature and the SEC's cautious approach to ETF approvals. The overall market momentum for XRP has been shaky, with no clear buying or selling trends emerging. Currently, XRP trades at $2.18, hovering above a support level of $2.13. If the price remains trapped between $2.23 and $2.13, a continued downtrend may ensue, although historically, July has been a positive month for XRP. Read more AI-generated news on: https://app.chaingpt.org/news

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