Accumulate

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-accumulate-xrp-despite-weak-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate XRP Despite Weak Market</a><br></p>
<p style="text-align: justify">As of June 30, the crypto market remains turbulent, with Bitcoin’s price plummeting to $58,500. Among the altcoins, <a href="https://en.bitcoinhaber.net/peter-brandt-warns-xrp-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin has seen significant weakness, falling to critical low levels. Despite this downturn, large <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, known as whales, continue to accumulate XRP, raising questions about the coin’s <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future trajectory</a>.</p>
<h2 id="whale-activity-raises-eyebrows">Whale Activity Raises Eyebrows</h2>
<p style="text-align: justify">XRP Coin, which has been a source of disappointment for investors over the years, is currently hovering at $0.47. Notably, addresses holding between 1 million and 10 million XRP Coins have accumulated an additional 100 million coins in just 24 hours. This accumulation, valued at $47 million, stands out in a climate where individual investors are wary of further losses.</p>
<p style="text-align: justify">Despite the whale interest, the overall trend among individual investors remains downward. On-chain activity for XRP Coin is lackluster, with discouraging signals deterring further participation.</p>
<h2 id="what-will-happen-to-xrp-coin-price">What Will Happen to XRP Coin Price?</h2>
<p style="text-align: justify">Investors are hesitant to engage with the network due to the ongoing lack of profitability. The DAA divergence is signaling a sell, and the price has declined by 0.49%. Currently, the price is just below the support level at $0.473, but additional whale support might prevent further declines.</p>
<p style="text-align: justify">If the support level is breached, the next significant level is $0.46, with potential dips to $0.41 or $0.38. Conversely, reclaiming the $0.516 threshold could trigger a new upward phase, potentially driving the price to $0.74.</p>
<h2 id="practical-inferences-for-investors">Practical Inferences for Investors</h2>
<p>– Whale accumulation indicates potential confidence among large investors.<br> – On-chain activity remains weak, posing risks.<br> – Breaching support levels could lead to significant price declines.<br> – Reclaiming critical thresholds may initiate an upward trend.</p>
<p style="text-align: justify">No new updates have emerged regarding the ongoing lawsuit, and the SEC’s stance remains firm, especially with its recent focus on Ethereum. Investors remain cautious as they navigate these developments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whales-accumulate-xrp-despite-weak-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate XRP Despite Weak Market</a></h5>

Whales Accumulate XRP Despite Weak Market

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