Ethereum

Litecoin

Dogecoin

<p style="text-align: justify">The cryptocurrency industry continues to move in a stable and unexciting manner, due to the relative horizontal trend of the leading cryptocurrency <a href="https://en.coin-turk.com/unraveling-the-bull-signal-in-cryptocurrency-what-does-2022-tell-us/" data-wpel-link="internal">Bitcoin</a> (BTC). BTC has shown only a 0.9% change in the last seven days, with Ethereum (ETH) following closely with a 1.3% change. The cryptocurrencies that managed to stay in the green within the top 10 were Litecoin (LTC), Dogecoin (DOGE), and <a href="https://en.coin-turk.com/crypto-analyst-outlines-key-price-levels-for-ethereum-binance-coin-and-litecoin/" data-wpel-link="internal">BNB</a>. Meanwhile, even though XRP did not show significant signs of rising, it’s possible to say that the whales have started to move.</p> 
<h2 style="text-align: justify" id="xrp-whales-making-purchases">XRP Whales Making Purchases</h2> 
<p style="text-align: justify">In recent days, XRP’s price turned significantly red, at one point experiencing a 12% drop within a single week. It appears that cryptocurrency whales have taken pleasure in this fall and seem to have made purchases from the bottom. According to the data shared, the whales made a rapid entry into the industry and purchased at least 360 million XRP.</p> 
<p style="text-align: justify">An examination of wallets owning between 10 million and 100 million XRP revealed that they made extra purchases when the price fell. Crypto analyst Ali Martinez displayed the purchases with Santiment data in his statement about the topic.</p> 
<p style="text-align: justify">It’s observed that XRP whales made significant purchases especially on June 23. On that day, the total balances of these whales were seen to be above 4.5 billion XRP. This shows that the industry is actually controlled by these whales. Their total weekly purchase amounts to 360 million XRP or around 172 million dollars.</p> 
<p><a href="https://en.coin-turk.com/?attachment_id=87175" rel="attachment wp-att-87175" data-wpel-link="internal"><img decoding="async" class="size-full wp-image-87175 aligncenter" src="https://en.coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-01-10.02.48.png" alt="" width="546" height="462" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-01-10.02.48.png 546w, https://en.coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-01-10.02.48-201x170.png 201w" sizes="(max-width: 546px) 100vw, 546px"></a></p> 
<h2 style="text-align: justify" id="xrp-giving-bullish-signal">XRP Giving Bullish Signal</h2> 
<p style="text-align: justify">XRP whales have displayed this behavior before and drawn attention. In March, according to Santiment data, 50 XRP whale addresses collected a significant amount of XRP. At that time, the whales purchased 420 million XRP worth 155 million dollars. An unexpected increase was seen in the XRP price following this, which makes the new purchases by the whales quite important.</p> 
<p style="text-align: justify">In his other tweets, Martinez also mentioned that purchase activity could coincide with bull rallies. The famous analyst reminded that there was also an increase in the number of daily active addresses of XRP. Ali stated that the number of daily active wallets on the XRP network was over 130,000, and this could bring a rise soon.</p> 
<p>The post <a rel="nofollow" href="https://en.coin-turk.com/xrp-whales-are-buying-a-comprehensive-analysis-of-the-crypto-markets-stability/" data-wpel-link="internal">XRP Whales Are Buying: A Comprehensive Analysis of the Crypto Market’s Stability</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

XRP Whales Are Buying: A Comprehensive Analysis of the Crypto Market’s Stability

Table of Contents

COINTURK NEWS

Other articles published on Jul 1, 2023

Crypto Whales Accumulate Amidst High Market Volatility: What Does This Mean for Bitcoin?

Fidelity Partners with Coinbase for Spot Bitcoin ETF, According to Updated Filing

Bankrupt Celsius Network Can Convert Altcoins to BTC and ETH by Selling

China’s New Central Bank Chief Reveals Surprising Stance on Bitcoin

Dogecoin Up 5.76% As Elon Musk Issues New “Dogs” Tweet

Ethereum Founder Vitalik Buterin Surprisingly Stands with Rival Solana Amidst SEC Onslaught

Join our free newsletter for daily crypto updates!