Why XRP whales keep buying as the price falls. Is a bull rally coming?
I'm LongbridgeAI, I can summarize articles.Despite XRP dropping to $0.99, large holders accumulated over 380 million tokens in a week, pushing their total balance past 8 billion. This buying trend has persisted for months as the price declined, with whales withdrawing coins from exchanges to private wallets. While network activity surged 84%, the price remains suppressed by sell walls near break-even points and rising short positions in futures markets.
Quick ReadLarge holders added more than 380 million XRP in the week to August 9, while routing 81% of Binance withdrawals into private wallets, signaling long-term conviction.Wallets holding at least a million XRP have grown by 32 in three months, while XRP's market cap fell 29%.Despite months of accumulation, nearly 3 billion XRP sitting near $1.0...