Ripple Whales Buy $228 Million Worth of XRP: Rally Incoming?
According to data from prominent crypto analyst Ali Martinez, Ripple whales picked up more than 380 million XRP tokens over the last ten days, worth nearly $228 million. The purchase comes amid a market resurgence, with Bitcoin (BTC) reclaiming the $63,000 mark as of today. Also Read: Top Meme Coins to Buy Now for 2x Gains – Don’t Miss Out! Market Resurgence and Bitcoin’s Performance #Ripple whales bought over 380 million $XRP in the past 10 days, worth around $228 million! pic.twitter.com/Fs9ayiHITA — Ali (@ali_charts) September 19, 2024 XRP is also witnessing a trend reversal, rallying 1% in the daily charts, 4.1% in the weekly charts, and 8.7% in the 14-day charts. XRP continues to glow red in the monthly charts, falling 1.2% in the last 30 days. Source: CoinGecko Will XRP Rally After The Whale Purchases? Anticipated Price Spike Ripple whales may be anticipating a price spike that will lead to a surge in purchases. The Federal Reserve recently cut interest rates by 50 bas...