Whales on the Move: A Stirring Week for XRP Despite Market Downtrend

Leading cryptocurrency Bitcoin (BTC) is struggling to hold above $30,000, causing a significant impact on altcoins. Over the past week, XRP has suffered a 3.5% decrease, distancing itself from the $0.48 resistance and falling to $0.46. This is happening while every altcoin in the top 10 seems to be painted in red. However, during this dip, the movements of whales, particularly for XRP, seem noteworthy. Despite experiencing a dip in the last 24 hours, the activities of whales suggest XRP could be gearing up for an active week. Whales Buying XRP Renowned cryptocurrency analyst Ali, citing Santiment data, pointed out the activity of whales in the XRP market. Apparently, Ripple whales have purchased approximately 1.10 billion XRP, worth $570 million, since last February. Earlier data revealed that whales purchased 360 million XRP until June, and this was immediately followed by a 12% price dip. This implies that whales increase their […] The post Whales on the Move: A Stirring Week for XRP Despite Market Downtrend appeared first on COINTURK NEWS.