As the average moving flow of Ripple (XRP) whale wallets turns positive since May, the market's attention is once again focused on XRP. This has led to analysis suggesting a potential 'breakout' scenario in the fourth quarter of this year. Notably, the number of whale wallets holding over 1 million tokens has reached an all-time high, and the growth rate of mid-sized wallets has reached 6.2%, demonstrating the solid confidence of long-term investors.
XRP has shown relatively limited returns for several months after recording its all-time high of $3.40 in January. Nevertheless, XRP has demonstrated support by closing above $2 in every monthly closing since December 2024. However, entering the second quarter, XRP trading volume on Binance has dropped to its lowest level since August 2020, showing a decrease in overall market participation.
Despite this contraction in trading sentiment, on-chain indicators are moving differently. The movements of large holders provide clues that institutional and long-term holder expectations for XRP remain valid. The market is interpreting the accumulation by whales and the expansion of mid-sized wallets as a medium to long-term bullish signal for XRP price.
Real-time news...Go to Token Post Telegram
<Copyright โ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
