XRP Fails to Rally Despite Whales’ Appetite Amidst Bitcoin Uncertainty

Ripple (XRP) price has been hovering below $0.49 for the third consecutive week, despite increased investor interest in 2023. Ripple (XRP) Coin The ongoing Ripple lawsuit, which was expected to conclude in the first half of the year, seems to be a factor. In May, Ripple’s CEO stated that a decision would be made within weeks, however, no verdict has been reached nearly two months later. The ensuing uncertainty has led to the XRP price being trapped between $0.47 and $0.49 for almost three weeks straight. The appetite for risk among investors is showing signs of revival with BTC resuming its lateral movement. XRP Coin Commentary On-chain data showcases a behavior disparity between whales and individual investors. Amid the apparent price stagnation, a significant cluster of institutional investors took bullish positions in XRP this month. The Santiment graph below shows that whales holding between 1 million to 100 million XRP […] The post XRP Fails to Rally Despite Whales’ Appetite Amidst Bitcoin Uncertainty appeared first on COINTURK NEWS.