XRP whale investors have increased their holdings by 1.09% over the past nine days, driven by growing institutional demand. Between March 22 and March 30, whale account balances rose from approximately 11.05 billion tokens to 11.17 billion tokens, according to Santiment data. This increase equates to a rise of over 120 million tokens, peaking at nearly 11.21 billion tokens on March 28.
Institutional interest has been a key factor in this accumulation, with U.S.-based spot exchange-traded funds (ETFs) for XRP seeing a net inflow of 2.66 million tokens, valued at $3.59 million. Additionally, XRP investment products reported a net cash inflow of $15.8 million last week, outperforming Bitcoin and Solana products, which experienced net outflows.
Despite the increase in whale holdings, XRP's price has fallen by 6.05% to $1.347. However, technical indicators suggest a potential price reversal, with a possible double-bottom formation and bullish divergence in the 4-hour RSI.
XRP Whale Holdings Increase Amid Rising Institutional Demand
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