Key Points:
- Crypto whales holding between 10 million and 100 million XRP tokens have been accumulating tokens after its price dip.
- Within a week, these whales accumulated over 360 million XRP tokens, valued at around $172 million.
- In March, whales on the XRP Ledger accumulated 420 million new tokens worth $155 million, suggesting preparation for a large price movement.
- XRP’s address activity has shown a pattern of notable spikes preceding significant price pumps.
- Currently, XRP has seen the number of daily active addresses remain above 130,000, indicating a potential price surge.
Hot Take:
The recent accumulation of XRP tokens by crypto whales suggests a bullish sentiment in the market. With the price dip, these whales have seized the opportunity to increase their holdings, indicating confidence in XRP’s future. Furthermore, the pattern of address activity preceding price pumps in the past adds to the anticipation of a potential surge in XRP’s price. If the historical pattern continues, investors may see significant gains in the near future.
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