XRP Whales Reemerge, 217 Transactions of $1M in One Day; Is This Bullish Sign?
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- XRP experienced a resurgence in whale transactions exceeding $1 million.
- Wallets containing 10 million XRP now hold 67.2% of supply, the highest since 2022.
- Santiment didn’t observe panic actions originating from XRP whales, another bullish signal.
Market intelligence platform Santiment has spotted a potential bullish signal for XRP as new key indicators align, suggesting XRP exhibits a promising potential for a rebound. Santiment called attention to the bullish sign in a recent update regarding XRP on X.
— Santiment (@santimentfeed) January 31, 2024
After an #altcoin slide Wednesday, #XRPLedger is at risk of falling below a $0.50 market value for the first time since October 19th. Interestingly, however, yesterday had the most $XRP $1M+ whale transactions on the network (217) since prices skyrocketed after a
(Cont)pic.twitter.com/1xa0PHCzcb
The platform provided comprehensive insights into the current dynamics of the XRP market, utilizing on-chain data analysis. First, Santiment noted that XRP was at risk of falling below the psychological $0.5 price mark.
The platform disclosed that …
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