XRP Whales Bought $640 Million, What are They Anticipating?
XRP whales accumulated approximately $642 million worth of tokens, signaling confidence despite recent price struggles.Summary
Despite XRP struggling to sustain a recovery near key resistance levels, large holders are showing increased confidence by accumulating tokens. On-chain data reveals that addresses holding between 100 million and 1 billion XRP purchased about 330 million tokens in the last 48 hours, valued near $642 million. This accumulation suggests whales view current depressed prices as an attractive entry point, which can provide structural support and improve the probability of a rebound.
Supporting this constructive outlook, XRP's liveliness metric has declined, indicating long-term holders are reducing selling behavior. At the time of writing, XRP trades near $1.94, needing to break the immediate recovery target of $2.02 to signal renewed strength and potentially advance toward $2.20. However, failure to maintain momentum could see XRP retreat toward support levels at $1.85 or $1.79.
(Source：BeInCrypto)