Despite price drops large cryptocurrency investors are still hoarding Ripple coins

Despite recent price declines, XRP is enjoying an increase in holdings by its largest investors, known as “whales.” Santiment data shows that addresses with over 1 billion XRP have increased their share from 39.81% in mid-June to 41.46% at the time of writing this article.


This accumulation trend is positively evaluated for potential price stability. Whale purchases suggest confidence in the future of XRP, despite the recent drop to $0.43 at the time of writing the article, a decrease of 6.52% in 24 hours, with the potential to reach $0.45.
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Other indicators, however, point to reduced token movement from long-term holders, which eases selling pressure. Technical indicators testify to an oversold state for XRP, suggesting a rebound, although uncertainty remains regarding market conditions and investor actions that affect the altcoin’s price.