CandleFocus XRP Rockets Epic $81.5 Million in Bullish Whale Activity in Just Two Days
2024-11-25
Author: Content Editor
Crypto analyst Ali Martinez reports that Ripple whales have purchased over 50 million XRP over the weekend, leading to an increase in the total balance of holders with 1 million to 10 million XRP. This occurred amid a rally in the price of XRP, which broke out of a triangle pattern that had been forming since 2018. The increase in whale wallets and the price rally raises the question of whether the rally was driven by whales or if whale accumulation was driven by the price increase. The fact that whales supported the rally with more buying suggests that they were aware of the reasons behind the rally. This indicates a growing interest in XRP, but whether this trend continues depends on factors in the broader market.
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