XRP whales accumulate $30 million in 24 hours; Is $3 next?
Whales appear to be taking advantage of XRP’s recent downward momentum, scooping up the asset as it struggles to reclaim the $3 resistance. According to Santiment data shared on October 21, investors acquired over 30 million XRP tokens, worth roughly $74 million, in the past 24 hours. XRP whale transaction chart. Source: Santiment Wallets holding between 100,000 and 10 million XRP saw increased accumulation even as prices remained subdued, suggesting potential front-running of a larger move. Historically, such whale activity has often preceded XRP rallies, fueling speculation that $3 could be the next target. XRP treasury fuels whales activity The move coincides with Ripple, XRP’s parent company, working to establish a treasury for the asset. Evernorth Holdings, a Ripple-backed firm, plans to merge with SPAC Armada Acquisition Corp. II to raise over $1 billion, primarily to purchase XRP on the open market and build an institutional-scale treasury. ...