XRP whales are going crazy! Large holders in the millions have soared to an all-time high, is this wave really going to take off?
Although XRP has been hovering around 2.2 recently, the off-chain activities are heating up:
The number of wallets holding over 1 million XRP has reached an all-time high: 2,850!
Not only that, since the beginning of the year, the number of wallets holding over 10,000 XRP has increased by 6.2%, surpassing 300,000—these whales are indeed quietly accumulating, a typical case of major holders 'silently doing big things'.
Even more intense:
Last week, XRP sales exceeded $915 million, and whales swept up 420 million XRP.
There were even a few large transfers: $58 million transferred to Coinbase, and Ripple itself threw out $439 million to some anonymous wallet.
Exchange reserves are declining, which looks like a signal for capital inflow, but experts also remind: caution in interpreting the data, not every transfer out is a new purchase, it could be 'internal car movement'.
However, from the trading volume perspective, XRP has indeed heated up this time:
In a short period, trading volume surged 4 times, with prices peaking at $2.23, finally stabilizing around $2.20.
Retail investors are also not idle, **Google search interest for 'XRP to $3' is soaring,** many are starting to bet on the big market from July to September.
If there can be substantial progress in the lawsuit between Ripple and the SEC, it will be a catalyst to directly put a rocket on XRP.
Some are calling out: target range $3-5, this is not a dream, the key is whether this wave of whales is really driving the market or just a last wave of confusing behavior.
Do you think this time XRP can take us flying? Speak your mind in the comments.
Although XRP has been hovering around 2.2 recently, the off-chain activities are heating up:
The number of wallets holding over 1 million XRP has reached an all-time high: 2,850!
Not only that, since the beginning of the year, the number of wallets holding over 10,000 XRP has increased by 6.2%, surpassing 300,000—these whales are indeed quietly accumulating, a typical case of major holders 'silently doing big things'.
Even more intense:
Last week, XRP sales exceeded $915 million, and whales swept up 420 million XRP.
There were even a few large transfers: $58 million transferred to Coinbase, and Ripple itself threw out $439 million to some anonymous wallet.
Exchange reserves are declining, which looks like a signal for capital inflow, but experts also remind: caution in interpreting the data, not every transfer out is a new purchase, it could be 'internal car movement'.
However, from the trading volume perspective, XRP has indeed heated up this time:
In a short period, trading volume surged 4 times, with prices peaking at $2.23, finally stabilizing around $2.20.
Retail investors are also not idle, **Google search interest for 'XRP to $3' is soaring,** many are starting to bet on the big market from July to September.
If there can be substantial progress in the lawsuit between Ripple and the SEC, it will be a catalyst to directly put a rocket on XRP.
Some are calling out: target range $3-5, this is not a dream, the key is whether this wave of whales is really driving the market or just a last wave of confusing behavior.
Do you think this time XRP can take us flying? Speak your mind in the comments.