Whales scoop 900 million XRP in 48 hours
XRP price turned negative on Tuesday, August 12, but a recent whale buying spree is generating a lot of buzz and hope in the crypto market. Namely, wallets holding between 100 million and 1 billion XRP have amassed an additional 900 million XRP, worth over $2.88 billion, in just 48 hours, as reported by analyst Ali Martinez. Traders are now speculating whether the aggressive accumulation could set the stage for another sharp rally and potentially a new all-time high. XRP whale accumulation. Source: Ali Martinez (@ali_charts) XRP price action XRP’s price action aligns with significant Ripple developments, including the long-awaited settlement with the U.S. Securities and Exchange Commission (SEC) and new partnerships with Chainlink focused on the RLUSD stablecoin. Speculation over a potential spot XRP ETF has further fueled momentum, with a number of analysts pointing at BlackRock as a potential filing candidate. While the world’s largest fund...