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Whales Scoop Up 900 Million XRP in 48 Hours – XRP ETF Anticipation Gains Momentum
Despite mixed price movements in recent days, a buying frenzy has ignited around XRP, keeping investors optimistic. The largest holders – known as whales – have made massive acquisitions over the past two days, which analysts believe could signal further growth ahead. Crypto analyst Ali Martinez shared data from Santiment on X (formerly Twitter), revealing that addresses holding 100 million to 1 billion XRP have added an astonishing 900 million XRP to their wallets – in just 48 hours.
Massive Accumulation Worth Billions This wave of purchases is valued at over $2.88 billion based on XRP’s trading price during the period. These significant inflows come at a time when XRP’s price experienced a brief decline, fueling speculation that large players are taking advantage of every dip to strengthen their positions. Interestingly, despite a previous correction below the $3 mark, the accumulation wave managed to push the price back above $3.20. Charts indicate that the whale accumulation trend accelerated at the end of July – exactly when XRP began climbing toward multi-month highs.
ETF Hopes and Market Optimism Investors now hope that, as in the past, such massive accumulation could be followed by a sharp rally, potentially driving XRP toward a new all-time high. In addition, market sentiment is boosted by speculation over an imminent XRP ETF launch as well as key announcements from the Ripple team. The combination of these factors strengthens confidence that XRP could be heading into a strong performance phase. And while the broader cryptocurrency market – including BTC and ETH – has seen some profit-taking by long-term holders, the ongoing whale buying spree in XRP suggests that these major players see significant upside potential in the coming months.
#xrp , #Ripple , #XRPCommunity , #altcoins , #CryptoNews
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