$XRP The price has barely moved, but tokens are quietly changing hands.
Santiment data shows that the number of addresses holding more than 1 million XRP has reached 2,147, a yearly high, with 28 added in the past ten days. The price, meanwhile, has been fairly subdued: at 20:00 last night, a surge in volume to 133M pushed it up to 1.29; at 08:00 this morning, a 79M bearish candle knocked it back to 1.25; then at 11:00, it dipped to 1.242 before recovering.
The market is pricing it more like “following $BTC ’s risk appetite” than buying into Ripple’s institutionalization narrative. The more whales accumulate while the price moves sideways, the more it suggests that large holders are willing to buy gradually in this range—but nobody is ready to chase the price higher yet. The narrative will only truly win the market over once the price breaks above that 1.29 wick on strong volume. Until then, sideways trading is the norm.
Not investment advice
#Ripple
Santiment data shows that the number of addresses holding more than 1 million XRP has reached 2,147, a yearly high, with 28 added in the past ten days. The price, meanwhile, has been fairly subdued: at 20:00 last night, a surge in volume to 133M pushed it up to 1.29; at 08:00 this morning, a 79M bearish candle knocked it back to 1.25; then at 11:00, it dipped to 1.242 before recovering.
The market is pricing it more like “following $BTC ’s risk appetite” than buying into Ripple’s institutionalization narrative. The more whales accumulate while the price moves sideways, the more it suggests that large holders are willing to buy gradually in this range—but nobody is ready to chase the price higher yet. The narrative will only truly win the market over once the price breaks above that 1.29 wick on strong volume. Until then, sideways trading is the norm.
Not investment advice
#Ripple
