According to Santiment, the number of wallets holding at least 10,000 tokens of token #XRP increased as its price fell 30% over seven weeks. The company interpreted this divergence as a sign of accumulation, noting that US$1 was emerging as support, or a floor to defend.
If the price manages to consolidate and hold support around US$1, and accumulation by large wallets continues alongside stabilization in the broader market, it could prompt a technical rebound toward higher resistance levels, in the US$1.10 to US$1.15 range.
If the price manages to consolidate and hold support around US$1, and accumulation by large wallets continues alongside stabilization in the broader market, it could prompt a technical rebound toward higher resistance levels, in the US$1.10 to US$1.15 range.
