XRP after the blow from the failed voting for the CLARITY Act received unusually strong support.
According to Santiment, large holders accumulated about 1.54 billion $XRP over roughly 96 hours—around $2 billion at the then price. After falling to $1.27, XRP bounced back above $1.43.
At the same time, the XRP Ledger processed about 2.34 million transactions per day—approximately 8.9% more than the previous day. But I wouldn’t rush to call this proof of new demand: transactions can be payments, exchange transfers, or automated operations.
Another interesting signal is that large inflows $XRP to Binance reached a six-month high. And here’s where the main mystery begins: whale accumulation alongside an increase in exchange supply can mean completely different things.
Analysts are currently looking at $1.65–1.70 as an important resistance zone. But the level on the chart is not yet a future price move.
I’m more interested in something else: who is actually accumulating $XRP right now, and who is just moving it between wallets. Because the blockchain shows coin movement, but it can’t read the intentions of their owners.
I’ll be watching this difference in particular. If you want to break down on-chain signals without guessing based on candles, subscribe to @MoonMan567
According to Santiment, large holders accumulated about 1.54 billion $XRP over roughly 96 hours—around $2 billion at the then price. After falling to $1.27, XRP bounced back above $1.43.
At the same time, the XRP Ledger processed about 2.34 million transactions per day—approximately 8.9% more than the previous day. But I wouldn’t rush to call this proof of new demand: transactions can be payments, exchange transfers, or automated operations.
Another interesting signal is that large inflows $XRP to Binance reached a six-month high. And here’s where the main mystery begins: whale accumulation alongside an increase in exchange supply can mean completely different things.
Analysts are currently looking at $1.65–1.70 as an important resistance zone. But the level on the chart is not yet a future price move.
I’m more interested in something else: who is actually accumulating $XRP right now, and who is just moving it between wallets. Because the blockchain shows coin movement, but it can’t read the intentions of their owners.
I’ll be watching this difference in particular. If you want to break down on-chain signals without guessing based on candles, subscribe to @MoonMan567
