The XRP market activity has taken a noticeable decrease with the low whale transactions. According to the latest data on the series, only 240 million moved from XRP in the past 24 hours, indicating a significant decrease in large -scale transactions. This decrease in whale activity raises questions about possible market trends and XRP price in the short term path.
Historically, the sizes of high transactions that involve XRP whales are often associated with major price fluctuations. However, the latest numbers show a radical decrease in the big movements, indicating that the main players in the market may sit on the margin. This lack of whale sharing may mean decreased pressure, which leaves XRP price procedures for retail and smaller investors.
Despite the clear stagnation in whale movements, the price of XRP remained relatively stable. The broader cryptocurrency market showed mixed signals, but the maximum XRP LEDGER market has succeeded in increasing by 6 % during the past day, which exceeded many other assets. During the past week, XRP was among the few positive, which represents a 9 % increase.
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In addition, since November 2024, the XRP price against Bitcoin has increased by 297 % impressive, highlighting strong flexibility despite the current slowdown in whale transactions. This indicates that the long -term XRP and community support are still healthy, even with the decrease in institutional movements.
The decisive scale on the chain enhances the stability of XRP- There are now 261 additional wallets with more than 100,000 XRP compared to 10 weeks. This growth in medium holdings indicates an increase in confidence from the main stakeholders, who may put themselves to appreciate prices in the future.
