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Whales Accumulating Ethereum and XRP amid Market Fluctuations: What’s Next for These Assets?

The cryptocurrency market has witnessed some fluctuations recently, with major coins like Ethereum (ETH) and XRP experiencing price spikes. These movements have caught the attention of whales, large investors with substantial holdings, leading to an accumulation of these digital assets.

XRP Resurgence and Whale Accumulation

XRP, faced a price drop, reaching a low of $0.42 in mid-April, its lowest point since August last year. However, the coin swiftly found a support level, rebounding the following day and climbing to $0.50 Despite bears’ efforts to push the price down, the bulls maintained the momentum, propelling XRP to $0.57 after a week. Consequently, within the last 10 days, the price of XRP has surged by over 28%. At the time of writing, a red candlestick is emerging, signaling a potential retracement before the continuation of the bullish momentum.

The recent surge in XRP has been fueled by increased accumulation from whales. According to License.

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