{"id":523808,"date":"2023-03-20T17:00:07","date_gmt":"2023-03-20T17:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=523808"},"modified":"2024-06-11T07:51:19","modified_gmt":"2024-06-11T07:51:19","slug":"bullish-signal-xrp-whales-go-on-155-million-buying-spree","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/bullish-signal-xrp-whales-go-on-155-million-buying-spree\/","title":{"rendered":"Bullish Signal: XRP Whales Go On $155 Million Buying Spree"},"content":{"rendered":"<p class=\"p2\">XRP whales are becoming more active once more as the crypto market picks back up. They seem to have taken advantage of the small decline in prices to load up their bags over the last month, leading to a significant uptick in the number of tokens they hold on their balances.<\/p>\n<h2 class=\"p2\">XRP Whales Buy $155 Million Worth Of Tokens<\/h2>\n<p class=\"p2\">In a post shared by crypto analyst @ali_charts on Twitter, XRP whales were revealed to have been stocking up their bags. The whales of concern here are the whales holding between 10 million to 100 million XRP on their balances.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/altcoin\/stacks-stx-reclaims-1-as-first-degods-ordinal-nft-mints-for-3-2-btc\/?swcfpc=1\">Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC<\/a><\/div>\n<p class=\"p2\">The post showed that not only were they a lot of buying among these whales, but there were new entrants into this 10-100 million holder cohort. Around 50 new whales holding at least 50 million XRP on their balance were created in the last month. While on a broader scale, this cohort added a whopping 420 million XRP to their holdings in just one month.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Over the past month, ~50 whales holding 10 million to 100 million <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> have joined the <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Ripple<\/a> network.<\/p>\n<p>These large investors have purchased around 420 million <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XRP<\/a>, worth $155.4 million, shows data from <a href=\"https:\/\/twitter.com\/santimentfeed?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@santimentfeed<\/a>. <a href=\"https:\/\/t.co\/6L3gBwbdiW\" rel=\"nofollow\">pic.twitter.com\/6L3gBwbdiW<\/a><\/p>\n<p>&mdash; Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/19909121?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p2\">The accumulation began toward the end of February when the price of XRP declined to the $0.34 level. This obviously gave the whales an entry into the asset, causing their combined holdings to grow 6% from 3.79 billion to 4.03 billion XRP.<\/p>\n<h2 class=\"p2\">There Could Be More Bullish Movements To Come<\/h2>\n<p class=\"p2\">On Sunday, the price of Bitcoin rocketed past $28,000 for the first time in almost six months. This upward trend was welcome but the altcoins have not exactly followed the same trend.<span class=\"Apple-converted-space\">\u00a0 <\/span>They continue to lag behind Bitcoin with much fewer gains in the same time period.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/VUcRN6vO\/\" alt=\"XRP price chart from TradingView.com\" width=\"2878\" height=\"1724\"><\/p>\n<pre style=\"text-align: center\">XRP looks bullish at $0.38 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">XRPUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">XRP is one of the altcoins that have not made much of a move during this time, up 4.25% in the last week compared to Bitcoin\u2019s 25.60%. This outperformance by the leading coin, for now, suggests that an \u2018altcoin summer\u2019 is not far behind, which is when the rest of the market is expected to catch up to Bitcoin.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/ada\/cardano-vs-solana-which-is-the-better-investment-for-the-next-bull-market\/?swcfpc=1\">Cardano Vs Solana: Which Is The Better Investment For The Next Bull Market?<\/a><\/div>\n<p class=\"p2\">Also, the fact that XRP whales are buying these tokens suggests that they expect some kind of improvement in price. If an altcoin like XRP were to follow the growth pattern of BTC, it would put its price at a $0.5 minimum given the generally improved investor sentiment toward the crypto market.<\/p>\n<p class=\"p2\">At the time of writing, data from the on-chain aggregator Coinmarketcap shows that XRP is trading at a price of $0.3851, up only 1.17% in the last day.<\/p>\n<div class=\"disclaimer-shortcode\">Follow <a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\">Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Capital.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP whales are becoming more active once more as the crypto market picks back up. They seem to have taken advantage of the small decline in prices to load up their bags over the last month, leading to a significant uptick in the number of tokens they hold on their balances. XRP Whales Buy $155 Million Worth Of Tokens In a post shared by crypto analyst @ali_charts on Twitter, XRP whales were revealed to have been stocking up their bags. The whales of concern here are the whales holding between 10 million to 100 million XRP on their balances. Related Reading: Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC The post showed that not only were they a lot of buying among these whales, but there were new entrants into this 10-100 million holder cohort. Around 50 new whales holding at least 50 million XRP on their balance were created in the last month. While on a broader scale, this cohort added a whopping 420 million XRP to their holdings in just one month. Over the past month, ~50 whales holding 10 million to 100 million $XRP have joined the #Ripple network. These large investors have purchased around 420 million #XRP, worth $155.4 million, shows data from @santimentfeed. pic.twitter.com\/6L3gBwbdiW &mdash; Ali (@ali_charts) March 19, 2023 The accumulation began toward the end of February when the price of XRP declined to the $0.34 level. This obviously gave the whales an entry into the asset, causing their combined holdings to grow 6% from 3.79 billion to 4.03 billion XRP. There Could Be More Bullish Movements To Come On Sunday, the price of Bitcoin rocketed past $28,000 for the first time in almost six months. This upward trend was welcome but the altcoins have not exactly followed the same trend.\u00a0 They continue to lag behind Bitcoin with much fewer gains in the same time period. XRP looks bullish at $0.38 | Source: XRPUSD on TradingView.com XRP is one of the altcoins that have not made much of a move during this time, up 4.25% in the last week compared to Bitcoin\u2019s 25.60%. This outperformance by the leading coin, for now, suggests that an \u2018altcoin summer\u2019 is not far behind, which is when the rest of the market is expected to catch up to Bitcoin. Related Reading: Cardano Vs Solana: Which Is The Better Investment For The Next Bull Market? Also, the fact that XRP whales are buying these tokens suggests that they expect some kind of improvement in price. If an altcoin like XRP were to follow the growth pattern of BTC, it would put its price at a $0.5 minimum given the generally improved investor sentiment toward the crypto market. At the time of writing, data from the on-chain aggregator Coinmarketcap shows that XRP is trading at a price of $0.3851, up only 1.17% in the last day. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Capital.com, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":523828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[14781,4531,13172,86043,10972,78763],"class_list":["post-523808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-whales","tag-xrp","tag-xrp-price","tag-xrp-whales","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Bullish Signal: XRP Whales Go On $155 Million Buying Spree<\/title>\n<meta name=\"description\" content=\"XRP whales are becoming more active once more as the crypto market picks back up. 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