Major Cryptocurrency Investors Stockpile Ripple Despite Price Dip

Despite recent price declines, XRP has seen an increase in holdings among its largest investors, known as “whales”. Santiment data shows that addresses holding over 1 billion XRP have increased their share from 39.81% in mid-June to 41.46% at the time of writing.


This accumulation trend is viewed positively for potential price stability. Whale purchases imply confidence in XRP’s future, despite its recent drop to $0.43 at the time of writing, marking a 6.52% decrease over 24 hours, with potential to reach $0.45.
Read more:


Cryptocurrency Market Cap Falls Below $2 Trillion for the First Time Since February
However, other indicators point to reduced movement from long-term holders, easing selling pressure. Technical indicators suggest oversold conditions for XRP, hinting at a rebound, although uncertainty remains regarding market conditions and investor actions influencing the altcoin’s price.