XRP Could Bounce, According to Potential Positive Whale Behavior!
🐳 After an #altcoin slide Wednesday, #XRPLedger is at risk of falling below a $0.50 market value for the first time since October 19th. Interestingly, however, yesterday had the most $XRP $1M+ whale transactions on the network (217) since prices skyrocketed after a judge ruling that no securities laws were violated by Ripple back on July 13th and 14th.
Additionally, we don't see any panic coming from whales. Yesterday, wallets holding at least 10M $XRP combine to hold 67.2% of the available supply, the most since December 31, 2022. There are some key signals indicating that the #6 market cap asset is one of the better candidates for a bounce, assuming #Bitcoin can stabilize the rest of the week.
View the $XRP chart here, and see how things develop over the coming days!
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