CandleFocus Here is the Most Positive Sign for XRP and Its Price Spike
2024-11-18
Author: Content Editor
XRP has reached a three-year high, driven by significant accumulation from whale wallets holding between 1 million and 100 million XRP. These influential investors have added 453.3 million tokens to their holdings, bringing their total to nearly 18% of XRP's circulating supply. In contrast, retail traders have been offloading their holdings, likely aiming to secure short-term profits. The sustained whale accumulation is seen as a bullish signal for XRP, as it indicates confidence in the asset's long-term potential. The surge in XRP's price has been fueled by whale-driven demand, offsetting retail selling pressure. The increased interest in XRP has also been reflected in Google Trends data, with the coin's popularity score reaching its highest level since April 2021.
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