Ripple (XRP) Whales Accumulate $228 Million Worth of XRP in the Past 10 Days
CryptoNewsTerminal Staff19 Sep, 2024
Ripple (XRP) Whales Accumulate $228 Million Worth of XRP in the Past 10 Days
Ripple (XRP) whales have been accumulating XRP over the last 10 days. Crypto analyst and trader Ali Martinez tweeted earlier today that "Ripple (XRP) whales have been accumulating XRP over the last 10 days… 380 million XRP ($228 million)." This accumulation by whales suggests that they are bullish on the long-term prospects of XRP. XRP is the native token of the Ripple network, which is a blockchain-based payment system designed for financial institutions. The accumulation by whales may also be a sign that they believe that XRP is undervalued. XRP is currently trading at around $0.60, which is well below its all-time high of $3.84. Whatever the reason for the accumulation, it is clear that whales are betting on the future of XRP. This is a positive sign for the cryptocurrency, and it could be a sign that XRP is on the verge of a major bull run.
