CandleFocus Why Has XRP Surged to a 4-Month High? Whales, Musk, and Market Momentum
2024-11-15
Author: Content Editor
Whales, or large holders, have accumulated a significant amount of XRP, reaching the highest level since 2018. Wallets with 1 million XRP or more have added 3.44 billion XRP to their holdings, indicating growing confidence among high-net-worth investors. This accumulation trend aligns with XRP's recent price increase and has been connected to its recent gains. Elon Musk's comments about XRP's momentum also fueled interest and led to a sharp increase in its price. Technical indicators suggest further potential gains if buying momentum continues.
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