XRP whales jump to buy the dip, scoop up nearly $170 million in tokens in a week
Ripple network’s whales capitalized on the recent opportunity to “buy the dip” and scooped up as many as 360 million XRP tokens over one week. Through...
- XRP network's large wallet investors accumulated 360 million tokens between June 22 and 28.
- XRP price declined 6% during this period, presenting a buy-the-dip opportunity.
- Whale accumulation of XRP tokens is considered a bullish sign for the asset's price recovery.
- Whales bought $170 million worth of XRP tokens, removing them from circulation and easing selling pressure.
- On-chain indicators such as active addresses and trade volume suggest a likely recovery in XRP's price.
The article presents a bullish sentiment towards XRP, highlighting the accumulation of tokens by large wallet investors and positive on-chain indicators that suggest a potential price recovery.