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.
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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.
