XRP Price Outperforms Altcoins as Whales Break 6-Year Record on Ripple! - Coin Bulletin

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Ripple gained 14.5% in a day due to the accumulation of whales reaching their highest level since June 2018.

Ripple (XRP) attracted attention by gaining 14.5% value on a day when the prices of Bitcoin and altcoins generally experienced a decline. This strong surge in Ripple is associated with the accumulation of XRP whales and major investors, according to on-chain analysis platform Santiment's data.

According to Santiment, wallets holding at least 1 million XRP have reached a total of 45.61 billion XRP, which is the highest level seen since June 2018. Over the past two years, whales and large investors have added a total of 3.44 billion XRP to their assets, an increase of 8.16%.

Accumulation of whales supports the price

The accumulation of XRP whales has not only had a positive impact on the market in a single day, but also in the past week. XRP has gained a 40% return in the last 7 days, attracting investors' attention. This increase, especially during a period when the market is falling, has set Ripple apart from other cryptocurrencies.

This upward trend in Ripple is supported by whales and large investors continuing to increase their XRP accumulations. If this accumulation process continues, it may be possible for XRP to maintain its strength in the market and continue its rise. The interest of whales in XRP is considered an important sign that increases the expectation of upward movement in the market.

LL0.64%
XRP2.51%
G3.52%
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