XRP gains 8.22% as whales accumulate more than $2 billion

  • Whales accumulated more than $2 billion worth of XRP, according to Ali Martinez.
  • XRP rose 8.22% in three days and traded at approximately $1.49.
  • About 2.5 billion XRP previously changed hands around the $1.60 resistance level.

XRP has returned to focus after crypto analyst Ali Martinez said large whales accumulated more than $2 billion worth of the token. The buying has coincided with an 8.22% gain over three days, while XRP was trading at approximately $1.49 after rising 6.33% in 24 hours and 5.08% over the past week. Martinez said URPD (UTXO Realized Price Distribution), an on-chain chart of prices at which tokens last moved, indicates relatively limited resistance up to $1.60. About 2.5 billion XRP previously changed hands around that level, making it the next significant resistance zone. He said investors may take profits if XRP reaches $1.60, potentially increasing selling pressure, while on-chain data may still leave room for further gains. This is not investment advice.

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XRP gains 8.22% as whales accumulate more than $2 billion - CoinPost Terminal