Cryptocurrency whales are continuing to accumulate XRP, despite the altcoin experiencing a 5% decrease in value over the last week. This accumulation may be in anticipation of more optimistic price movements early in 2025.
According to a report by Ali Charts on Twitter, whales have purchased an additional 60,000,000 XRP. This development is highlighted in a chart shared by Ali, which shows that large investors began significantly increasing their XRP purchases following a major price correction on December 18.
In terms of today’s XRP-USD exchange rate, these purchases amount to roughly $129,000,000. This accumulation trend suggests that major players are still confident in XRP’s long-term potential, despite recent price dips.
The altcoin is currently trading at $2.16, experiencing a decrease of almost 5% in value over the last 24 hours. However, based on recent price history over the last trading month, the current zone XRP trades at is about as low as buyers are willing to go.
If the currency is able to maintain its zone until January, investors may find themselves in a completely different scenario. This is because Donald Trump’s first measures as the U.S. President may have a direct impact on the market, particularly XRP.
Perhaps this scenario is what is leading whales to accumulate more XRP, despite recent price drops. In addition to the new President, a potential change in American regulatory shifts could also be the driving force behind this mysterious movement.
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