XRP Under Siege? Whales Unleash 380 Million Coins to Defend Critical $1 Floor!
Major XRP investors have accumulated over 380 million coins in a week, pushing their total holdings to 8.13 billion. This whale activity coincides with a rare technical buy signal, suggesting a potential breakout above the critical $1.06 resistance level. However, regulatory hurdles and market sentiment could influence the sustainability of this momentum.David Isong • Crypto • 2 hours ago • 1 minute read •
Despite XRP's price stagnation, major investors, often referred to as whales, have executed a significant accumulation strategy. In a single week, these large players acquired over 380 million XRP, elevating their total holdings to an impressive 8.13 billion coins. This substantial accumulation, confirmed by Santiment data, indicates a concerted effort to establish a strong price floor, particularly around the crucial $1 mark.
This strategic buying by big money appears to be a proactive move, spurred by a compelling technical signal. Analyst Ali Martinez highlighted that XRP has formed a rare
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