CandleFocus XRP Surges 10% As Whales Participate In $300 Million Buying Spree
2024-10-01
Author: Content Editor
The XRP whales, which are addresses with a balance of 100 million to 1 billion XRP, have increased their holdings by over 470 million tokens in the last 10 days. This indicates that these large investors have confidence in the coin and believed that the $0.58 price level was profitable. The price of XRP has since increased from below $0.59 to above $0.63. The behavior of these whales is worth monitoring as it can influence the sentiment and price of XRP in the future. If the supply distribution continues to increase, it would be a bullish sign for the coin, while a decline could indicate profit-taking. XRP is currently trading at around $0.631, up 8% over the past week.
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