The XRP images Ledger has hit a major milestone, with accumulation among major shareholders continuing to strengthen despite the market’s upturn.
Specifically, the number of wallets with at least 10,000 XRP has increased to 332,230, extending the steady growth trend since June 2024, according to the chain. data shared with Saint on May 13.
The theory suggests that there was a temporary disruption between February 6 and February 8, when more than 4,500 wallets containing 10,000 XRP disappeared from the internet.
Although there was no definite XRP event associated with the decrease, the decrease was accompanied by an increase. cryptocurrency market the destruction and withdrawal of wealth from the digital economy.
However, the XRP Ledger has recovered well from the downturn, with the number of wallets surpassing previous levels and continuing until May 2026.
An increase in the amount of sugar in the blood indicates an increase in sugar investors It has been piling up XRP even though the token has traded below the previous highs of 2026.
In the past, the growth of the whale was seen as a long-term indicator, showing investor confidence and reducing the available supply in the market, which could support future price gains if demand increases.
Despite the increased volatility, XRP’s price is still down from the initial rally, which suggests that investors will continue to quietly build a position in times of fear and uncertainty rather than chasing a fast-paced rally.
Indeed, the stock does not have the internal resources to support the price growth, on which XRP relied heavily. crypto market thoughts.
The price of XRP
At the time of press, XRP was trading at $1.46 after losing about 0.25% in the last 24 hours, while during the week, the stock was up 2.5%.
At the current price, XRP is trading slightly above its 50-day high SMA of $ 1.39, indicating that the indicator has remained strong for a short time.
However, it remains below the 200-day SMA of $1.76, meaning that the long-term trend is still facing challenges despite the latest test.
Currently, XRP’s 14-day RSI it stands at 63.46, placing it in neutral but close to bearish levels.
This suggests that bullishness has increased in recent sessions, although the economy may face resistance if the bullish pressure weakens near current levels.
