2024

Shopping

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An epic crazy new stat dropped regarding popular cryptocurrency&nbsp;<a href="https://u.today/ripple-ctos-epic-take-on-xrp-smart-contracts-stuns-crypto-community" rel="noopener noreferrer nofollow">XRP</a> as, according to prominent crypto analyst&nbsp;<a href="https://x.com/ali_charts/status/1836805011721888193" rel="noopener noreferrer nofollow">Ali Martinez</a>, major players have recently unleashed an epic shopping spree worth hundreds of millions of dollars.&nbsp;
Specifically, Martinez revealed that, over the past 10 days, whales, as large investors are known in financial circles, have bought over 380 million XRP, which is worth approximately $228 million at current prices.
As can be seen on a chart attached by the analyst to the post, to the current moment, the amount of tokens accumulated by whales holding from 10 million to 100 million XRP commands a figure of 7.11 billion XRP, or about $4.25 billion in money terms.&nbsp;
For comparison, this volume is equivalent to 12.59% of the circulating supply of the token.
<blockquote>
 <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> whales bought over 380 million <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> in the past 10 days, worth around $228 million! <a href="https://t.co/Fs9ayiHITA" rel="noopener noreferrer nofollow">pic.twitter.com/Fs9ayiHITA</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1836805011721888193?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2024</a>
</blockquote>
<h2 dir="ltr" id="why">Why?</h2>
Such a significant increase in whale buying activity may indicate the growing confidence of large investors in the future prospects of the popular cryptocurrency.&nbsp;
As it stands, XRP remains one of the few digital assets with a clear regulatory status that was won in the SEC v. Ripple court battle. Such clarity, on a par with growing adoption, achieved in most cases thanks to the developing network of partnerships concluded by&nbsp;<a href="https://u.today/secs-controversial-term-is-catching-up-with-it-ripples-top-lawyer-says" rel="noopener noreferrer nofollow">Ripple</a>, provides XRP with the necessary fundamentals.&nbsp;
As for the technicals, or the token's price performance, there are also several positive signs to consider. One of them is a developing inverted head and shoulders pattern that could take the&nbsp;<a href="https://u.today/xrp-on-verge-of-explosion-did-shiba-inu-shib-reach-ground-zero-solana-sol-death-cross-looms" rel="noopener noreferrer nofollow">price of XRP</a> to $1 if or when the neckline around $0.65 is broken.

XRP Whales Go Crazy With $228 Million Shopping Spree

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