Whales Accumulate $1.09 Billion in XRP Over Past Week: Setting Stage for Next Market Move?

Whales Have Accumulated 1.09 Billion in XRP Over the Past Week, Will the Next Pump Set a New XRP ATH?

In recent times, Ripple’s XRP has been making significant waves in the crypto market, and it seems like this trend is set to continue. A staggering 1.09 billion worth of XRP has been accumulated by whales over the past week alone, sparking widespread excitement among investors.

The sheer magnitude of this accumulation raises questions about whether we can expect a new ATH (All-Time High) for XRP in the near future. It’s undeniable that XRP’s price action has already seen two significant pumps during this bull cycle, and many are predicting that the next pump could be even more substantial.

As Bitcoin recently reclaimed the $97,000 price range, it’s not surprising to see other altcoins following suit. With Q1 of 2025 expected to usher in the peak of the altseason based on historical analytics, analysts are keeping a close eye on several promising projects that have the potential to pump parabolically and potentially set new ATHs.

Many traders seem to be aware of this heightened possibility and are actively accumulating their most bullish altcoins. This accumulation frenzy is particularly noteworthy for XRP, which has already demonstrated remarkable resilience throughout this bull cycle.

It’s clear that whales have been aggressively acquiring XRP over the past week, with a massive 1.09 billion worth of the asset being accumulated alone. This unprecedented level of buying pressure undoubtedly bodes well for the digital asset’s future performance.

With expectations running high for the next pump to potentially surpass previous milestones, it’s not difficult to imagine the possibilities that could unfold should XRP continue its upward trajectory.

Source: cryptonewsland.com