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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-xrp-coin-despite-market-weakness/" data-wpel-link="internal">Whales Accumulate XRP Coin Despite Market Weakness</a><br></p>
<p style="text-align: justify">We have reached June 30, and June passed extremely quickly. Although it hosted many major developments, things did not go well in crypto. Bitcoin price saw a drop to $58,500. The significant weakness over the past few weeks, which has been devastating for altcoins, led to a decline to important low levels. So, will we see a bigger drop in <a href="https://en.coin-turk.com/insights-on-xrps-price-movement-and-legal-developments/" data-wpel-link="internal">XRP</a> Coin price?</p> 
<h2 style="text-align: justify" id="ripple-xrp-whales">Ripple (XRP) Whales</h2> 
<p style="text-align: justify">XRP Coin has been disappointing its <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> for years, and we have already shared very comprehensive evaluations regarding its <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> based on its long-term past. As of today, the $0.47 level is being maintained. Moreover, while individual investors are worried about the risk of experiencing greater losses, XRP Coin whales continue to accumulate.</p> 
<p style="text-align: justify">Addresses holding between 1 million and 10 million XRP Coins accumulated 100 million coins in just the last 24 hours. This accumulation, worth $47 million in cash, was quite remarkable in the ongoing risk environment, while XRP Coin has been continuing its weakness for a long time.</p> 
<p style="text-align: justify">The downward trend among individual investors continues despite whale interest. Participation in the blockchain for XRP Coin is weak, and on-chain signals are discouraging.</p> 
<h2 style="text-align: justify" id="will-xrp-coin-drop">Will XRP Coin Drop?</h2> 
<p style="text-align: justify">It is understandable that investors avoid transacting on the network due to the lack of profit. DAA divergence is giving a sell signal, and the price continues the day with a 0.49% drop. The price, lingering just below the support level at $0.473, could avoid the risk of overselling if it sees more whale support.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-366550" src="https://coin-turk.com/wp-content/uploads/2024/06/XRP-Coin-30-Haziran.png" alt="" width="1918" height="740"></p> 
<p style="text-align: justify">What will happen if the support level is lost and there are closures below it? In this case, the next key support point will be $0.46. It is possible to determine overselling dips further below at $0.41 to $0.38. For the opposite scenario, $0.516 needs to be reclaimed. If the bulls win this threshold, things could reverse, and the price could enter a new upward phase up to $0.74.</p> 
<p style="text-align: justify">There is nothing new regarding the lawsuit, and the SEC’s potential to back down remains weak as it officially started the war on the Ethereum front this week.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whales-accumulate-xrp-coin-despite-market-weakness/" data-wpel-link="internal">Whales Accumulate XRP Coin Despite Market Weakness</a></h5>

Whales Accumulate XRP Coin Despite Market Weakness

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