XRP whales appear to be increasingly bullish on the crypto asset despite an underwhelming performance.
The latest data by crypto analyst Ali Martinez shows a significant accumulation phase brewing for XRP.
On-chain data by Santiment reveals that over the past week, these whales have acquired approximately 11 million XRP, equivalent to $6.82 million. This development unfolded as XRP’s price experienced a downtrend, causing its monthly gains to hover just above 11%.
Currently priced at $0.60, XRP has been trailing behind other cryptocurrencies in the market.
The accumulation trend points toward an underlying bullish sentiment among some investors, defying the prevailing market sentiment.
However, not all whales share this optimism. One whale, in particular, recently executed massive transfers of XRP to two centralized exchanges, Bitstamp and Bitso, on November 23rd.
In the first transaction, the unidentified wallet moved 25.20 million XRP to Bitstamp, with a market value exceeding $15.
We współpracy z: https://cryptopotato.com/whales-buck-the-trend-ripple-xrp-accumulation-signals-bullish-sentiment-but-divergence-persists/
