According to the data we have transferred as Kriptokoin.com, the mobility of large players in the XRP market decreased dramatically. Only 240 million XRP was transferred in the last 24 hours. This low trading volume shows that whales are withdrawn from the market. How will this affect the XRP price?
XRP whales retreated and the market is left to small investors?
Generally, the increase in whale processes causes major movements in the Ripple price. However, the latest data show that large investors are not active in the market. The lack of position of XRP whales shows that the speculative pressure on the price is reduced.
This leaves the price movement of XRP to more individual investors. The lack of large players may cause the market to remain more static. However, some analysts think that this may be an accumulation process and that the XRP can make a sudden output in the future.
XRP price is strong despite the whales
Although the interest of whales has decreased, the price of Ripple maintains its durability. XRP Ledger’s market value increased by 6 %in the last 24 hours and left many crypto currencies behind. Last week, the XRP price rose by 9 %and gave hope to its investors.
Since November 2024, XRP’s 297 %value against Bitcoin supports investor confidence. In addition, 261 new wallets, which hold more than 100,000 Ripple in the last 10 weeks, have been opened. This shows that individual investors’ interest in Ripple has increased and the price may rise in the future.
What will be the next move for Ripple?
The withdrawal of whales from the market shows that a critical period is approaching for Ripple. If big investors come back in, the price may experience a sudden rise. However, if the procurement pressure remains low, the XRP price may continue to fluctuate at its current levels. According to the data we follow as kriptokoin.com, Ripple investors should be prepared for great price movements in the coming days. The return of whales can trigger a new rally for Ripple! In this process, XRP’s critical support levels should be closely monitored. If the price goes below $ 0.50, the acceleration of the decrease may be strengthened. However, if the buyers come into play, the XRP is likely to make a move towards $ 0.60.
In addition, the direction of Bitcoin and the general market may directly affect XRP’s price movements. If there is a recovery throughout the market, Ripple may be positively affected. If the process volume increases with the return of whales, a new wave of rise may begin for Ripple. Investors should follow market sensitivity and technical levels carefully.
