Data suggests that while XRP experienced a significant price drop, whales holding at least 1 million XRP increased in number. Despite the panic-driven sell-off, large investors took advantage of the lower prices and there was a notable increase in wallets holding at least 1 million XRP immediately after the crash. This trend aligns with a broader accumulation trend observed throughout the past year, with XRP wallets holding significant amounts steadily increasing. The growth of XRP wallets contrasts with the decline in Bitcoin wallets and the slower growth of Ethereum wallets. XRP's order book data also indicates strong demand, with significantly more buy orders than sell orders within a 10% price range. This pattern has resulted in at least a 23% price bounce in the past, suggesting the potential for XRP to surge in price. However, short-term price movements are still subject to broader market conditions.



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