Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

Quick Summary:

Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days.  Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices.

The accumulation of XRP by whales—often considered "smart money”—is a sign of strength and confidence in the token’s future price action.  Related Reading: XRP The Safest Investment To Make 100% ROI’ – Former Asset Manager Shares Price Targets As the broader market continues to push higher, investors are optimistic that this accumulation could be an early indicator of a major rally for XRP in the coming days.

Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs.  With bullish sentiment rising, the next few days will be crucial in determining XRP’s price direction and its role in the ongoing market cycle.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ripple (XRP) Technical Analysis Ripple xrp Xrpusdt Ripple (XRP) Price Analysis Ripple whales Ripple Latest Ripple News XRP Whale Activity Ripple analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 16:00:08 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22624328

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