350 Million XRP Changes Hands as Bigger Whales Take Over Amid Price Downtrend
Bigger XRP whales accumulated 350 million XRP as mid-sized holders sold, despite the altcoin remaining in a downtrend.Summary
XRP is currently struggling under a persistent downtrend, with active addresses falling to a three-month low, indicating fading investor interest.
Despite this weakness, a significant redistribution of supply is occurring among major wallets: addresses holding 1 million to 10 million XRP offloaded over 330 million XRP, suggesting skepticism. Conversely, larger wallets holding 10 million to 100 million XRP absorbed this supply, accumulating 350 million XRP worth over $729 million, signaling confidence from deeper-pocketed investors.
At the time of writing, XRP was trading around $2.08, oscillating between $2.20 and $2.02. The mixed signals suggest XRP may remain rangebound; a break above $2.20 could target $2.36, but failure to hold the $2.02 support risks a drop below $2.00.
(Source：BeInCrypto)