In the crypto world it does not often happen that one currency is bought in two days for nearly $ 3 billion. Yet that is exactly what happened at XRP. Large investors bought no less than 900 million XRP tokens in 48 hours, according to figures from analyst Ali Martinez.
Such a massive buying golf naturally fuels speculation immediately. Will this be the prelude to a new price rally? And maybe even an attack on the record level of XRP?
Course, despite large purchases
Today the XRP race turned red. The currency dropped five percent to 3.14 dollars, after having tapped $ 3.37 earlier this week.
From a technical point of view, the image is therefore less rosy: the course went under important support at 3.27 dollars and the 100-hour average at 3.22 dollars. The MacD is also negative, while the RSI still leaves room around 53 for further decrease before the coin is ‘oversold’.
News about Ripple and ETF rumors
Despite the recent price correction, there is also positive news to report. As described earlier in this article, Whales are massively spending XRP.
In addition, it is buzzing in the rumors market about a possible spot XRP ETF. Although BlackRock denies being involved in this, analysts point out that Futures ETFs have seen more than 1 billion dollars in inflow for both XRP and Solana since their launch.
Source: https://newsbit.nl/whales-slaan-toe-bijna-3-miljard-dollar-aan-xrp-gekocht-in-48-uur/
