XRP Price Crash To 15-Month Low Inspires $2.2 Billion Whale Buying
Following a sharp sell-off to a 15-month low, large XRP holders bought over $2.24 billion in tokens, signaling mixed market signals.Summary
XRP recently experienced a significant sell-off, dropping to its lowest price in nearly 15 months, near the $1.00 level. Despite this, large holders, or whales, holding between 100 million and 1 billion XRP, accumulated over 1.6 billion tokens in the past week, amounting to over $2.24 billion, which helped stabilize the price.
However, long-term holders show caution, as indicated by a spike in XRP's Liveliness indicator, suggesting they are moving tokens back into circulation. Furthermore, derivatives positioning is bearish, with short exposure ($399 million) significantly outweighing long exposure ($152 million), increasing vulnerability if the $1.00 psychological level is breached.
At the time of writing, XRP traded near $1.44, holding above the $1.42 support. While bearish risks remain due to long-term holder behavior and derivatives, sustained whale accumulation could lead to a recovery toward $1.91 and potentially $2.00.
(Source：BeInCrypto)