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**XRP Whales Disappear**
A recent Twitter post from @ali_charts has caused a stir in the cryptocurrency community. According to their data, it appears that a significant amount of XRP (up to $1 billion) has been sold by several major holders over the course of just four days.
While this news may initially seem bearish for the price of XRP, there are both bullish and bearish arguments to consider.
On one hand, the fact that these whales have already sold a substantial amount reduces the pressure on the market. Additionally, their collective balance still remains significant at 6.56 billion XRP, equivalent to $14.4 billion. However, it’s worth noting that if they were willing to sell more, they likely would have done so by now.
On the other hand, this selling does reduce the support for XRP provided by these major holders. Historically, their large holdings can be seen as a sort of “pillow” or safety net for the cryptocurrency, especially during times of market unease like we’re currently seeing.
The outcome is uncertain at present, and it’s difficult to predict whether this selling will continue or if there will be an accumulation phase. However, given XRP’s recent surge to become the third largest crypto asset by market capitalization, keeping a close eye on these developments seems justified.
Will the price stabilize for now, or will the selling continue? Only time will tell, and we’ll be sure to keep you updated as more information becomes available.
