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The XRPLedger is currently facing a potential dip below a $0.50 market value, marking a moment not witnessed since October 19th. Despite this, recent developments in whale activity and a lack of panic among major holders suggest that XRP might be gearing up for a rebound. XRP market fluctuations 
Just yesterday, the <a href="https://news.todayq.com/xrp-ledger-amm-upgrade-closes-in-whales-move-155m-xrp/" target="_blank" rel="noopener noreferrer nofollow">XRPLedger</a> experienced a notable surge in whale transactions, with a staggering 217 transactions involving $1 million or more. The surge in high-value transactions is quite interesting, given the recent drop in the market. It’s worth noting that this surge happened after an important decision by a judge on July 13th and 14th, stating that Ripple didn’t break any securities laws. This decision caused the XRP price to go up. The fact that the big investors, often called whales, aren’t panicking is a good sign.
Examining the current scenario, wallets holding at least 10 million XRP now collectively account for 67.2% of the available supply. This concentration is the highest since December 31, 2022. While this may raise concerns about centralization, it also suggests a certain level of trust in XRP’s future potential. The potential rebound 
In the face of an 18% retracement in the market cap over the past two months, several key indicators are hinting at a potential bounce for XRP. However, this rebound largely hinges on <a href="https://news.todayq.com/bitcoin-breakout-alert-btc-to-hit-46k-over-this-matric/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>‘s ability to stabilize throughout the rest of the week. The cryptocurrency market often follows Bitcoin’s lead, and a stable Bitcoin could provide the necessary environment for XRP to recover. The current market value is hovering at $0.4924, showing a 3.95% decrease in the last 24 hours.
The positive whale activity, characterized by an increased number of significant transactions, is a ray of hope for XRP <a href="https://news.todayq.com/jup-investors-bags-over-130-returns-after-binance-listing/" target="_blank" rel="noopener noreferrer nofollow">investors</a>. It signifies a level of confidence and belief in the future potential of the sixth-largest cryptocurrency. The absence of panic among whales, combined with the consolidation of large holdings, paints a picture of resilience within the XRP community.
In a market that often changes a lot, it’s really important to know what big investors are doing. The recent spike in M+ transactions highlight that important investors see a chance in XRP. They might be thinking it will get better soon.
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Is XRP revival near? Whales look calm amid hard times

Todayq News

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