Ripple Whales Go on Massive Accumulation Spree: Bigger XRP Price Move Coming?

XRP rebounded past a key resistance level after the Friday resurgence but can it climb higher? Citing data from Santiment, popular analyst Ali Martinez noted on Saturday that Ripple whales have gone on a spectacular accumulation spree in the past four days, acquiring over 1.5 billion tokens. At the same time, other on-chain and technical signals suggest that the recent selling pressure might be easing and the underlying asset could be preparing for another leg up. Ripple Whales Go Big These key market participants, whose actions are typically mimicked by retail investors, have accumulated approximately 1.54 billion XRP in about 96 hours. At current prices, this stash is worth around $2 billion. The timing of the buying spree was quite intriguing, as it began with the CLARITY Act setback in the US Senate, which pushed the token’s price down sharply. However, accumulating over 1.5 billion tokens in such a short time has helped the asset recover, which is among the reasons XRP surged to over $1.45 on Friday and Saturday after it had bottomed at $1.27 on Tuesday following the Senate vote. $2 BILLION IN XRP BOUGHT BY WHALES Whale activity on the XRP network has surged over the past 96 h...