XRP Whales Accumulate 900 Million Tokens Amidst Consolidation, Signaling Potential Trend Reversal

Recent activity from prominent XRP whales has revealed a notable accumulation trend. Within just two days, wallets holding between 100 million and 1 billion XRP have purchased approximately 900 million tokens at a price hovering near $3.15. This buying spree is occurring during a period of market consolidation where the price has remained relatively stable despite recent dips. Analysts like Ali Martinez suggest this accumulation may indicate confidence in the asset’s long-term value, particularly with key support levels like $2.81 (50-day moving average) and resistance at $3.66 being tested.