Do whales indicate a major transformation in the market?
TL; D
- The extended whales changed its position towards the original by getting rid of nearly 800 million dollars since the beginning of the month.
- This raises the direction only reinforces the narration that the closure of a lawsuit for the Supreme Education Council was a typical event for sale news.
The whales are sold
As with all other encrypted currencies, the Ripple Whales behavior is usually a strong sign of the total market conditions, morale, and short -term price trends, at least somewhat. It can affect price movements with huge purchases or sales.
After the United States elections, the whales went in a large accumulation with a large accumulation as their holdings reached the highest level in six years. After a few months on the road, XRP reached its climax at $ 3.4.
This is where the scene began to change and the whales began to reduce large parts of their XRP wealth. This, in addition to the total horizontal market conditions and political uncertainty, paid the origin in the south to less than two dollars on several occasions.
These market participants have continued to get rid of their XRP symbols since the beginning of April, confirming the continuous trend. According to Ali Martinez, they sold more than 370 million symbols in the past few weeks, which equals about 800 million dollars in giving the XRP price.
The whales sold more than 370 million $ Xrp Since the beginning of the month! pic.twitter.com/kockjghmbm
Ali (ali_charts) April 15, 2025
Strange timing
The sale of whales began in late March and continued until today, with a few exceptions. This is very disturbing because they started shortly after the CEO of Ripple, Brad Garlinghyus, on X that the lawsuit between his company and the US Securities Monitoring has actually ended after the two parties dropped their latest stab wounds.
Although the Supreme Education Council has not yet published an official confirmation, industry experts believe this is just a matter of time and it has already been priced. As such, the last behavior made by the whales reaffirms a previous narration that the real gains of XRP came to the noise in which the case will be concluded instead of the actual end, or in the world, which is specific.
Looking at the future, there are still some developments that deserve the uproar, such as the possible approval of the ETF XRP in the states. These products can restart another march driven by noise, such as Bitcoin last year, but they can also lead to long -term effects, such as ethereum.
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