XRP is witnessing increased whale activity as the cryptocurrency approaches its yearly lows. According to CryptoQuant, large holders are accumulating XRP despite a lack of retail buying interest. This strategic buying is reflected in the rising whale-driven volume on the network, even as prices decline.
The XRP Spot Taker CVD has shifted to a taker-buy dominance, indicating stronger demand from large investors. Currently, XRP is trading below key moving averages, with potential support levels identified between $1.80 and $1.90 if the $2.00 mark is breached. For a trend reversal, bulls need to reclaim the 50-day moving average.
XRP Whale Accumulation Increases as Token Hits Yearly Lows
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