60 Million XRP In 24 Hours: Here’s What Happened
Main Idea
Whales bought 60 million XRP in 24 hours, signaling strong confidence in XRP's future despite market volatility, with technical and policy factors supporting potential price growth.
Key Points
1. Whales accumulated 60 million XRP in 24 hours, indicating strong long-term confidence in XRP.
2. XRP's price dipped to around $3.09 after a correction from mid-July highs near $3.66, prompting whale buying.
3. Whale-to-exchange transfers dropped by over 90% since early July, reducing sell pressure.
4. XRP holds above the critical $3.00 support level, with potential resistance at $3.30–$3.35 and higher targets at $3.66, $4, and $5.90.
5. A new U.S.–EU trade agreement and regulatory developments are boosting investor confidence in XRP.
Description
Crypto analyst Ali Martinez stunned the XRP community with a revealing post on X: “Whales bought 60 million XRP in the last 24 hours!” This surge in accumulation by major holders signals a strong vote of confidence in XRP’s future, even as the market experiences short-term volatility. On-chain data confirms that wallets holding between 10 million and 100 million XRP tokens led the charge, capitalizing on the recent dip in XRP’s price . This aggressive buying spree follows a correction from mid-J...
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