Ripple Whales Keep Buying: When Will XRP’s Price Respond?
Main Idea
Ripple whales accumulated 2.2 billion XRP tokens in July, but the cryptocurrency's price has since declined due to market uncertainty, risking further drops if key support levels are breached.
Key Points
1. Ripple whales accumulated 2.2 billion XRP tokens in July, worth over $180 million at the time.
2. XRP's price reached an all-time high of over $3.6 but later slumped to just under $3 due to market uncertainty (FUD).
3. A large sell-off of $140 million worth of XRP occurred, with 130 million XRP sold in 24 hours.
4. XRP's price has lost 10% weekly, testing a crucial support level at $3.15; if broken, it may drop toward $3.
5. Analyst Ali Martinez warned about the potential for further price declines if key support levels fail.
Description
TL;DR Ripple whales seem unfazed by the recent FUD around the underlying token and continue to accumulate a significant number of tokens. In the latest 24-hour buying spree, these large market participants purchased 60 million XRP, according to data shared by popular analyst Ali Martinez. Whales bought 60 million $XRP in the last 24 hours! pic.twitter.com/i9Nev76FHJ — Ali (@ali_charts) July 29, 2025 From a USD perspective, this amount is worth over $180 million at current XRP prices. This purcha...
Latest News
- eToro to Launch Tokenized Stock Trading on Ethereum2025-07-30 22:08:56
- SOL, ETH Dominate Crypto Conversations Across Platforms: TRX, XLM Follow Suit2025-07-30 20:26:44
- Overheating in Bitcoin (BTC) Market Less Severe Than Past Correction Phases2025-07-30 19:15:50
- Fed Ignores Trump’s Plea to Cut Rates: How Will Bitcoin’s Price React?2025-07-30 18:43:02
- Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says ‘Buy the Dip’2025-07-30 18:08:36