XRP Whale Flows Hint At Repeat 400% If SEC Case Is Resolved
The post XRP Whale Flows Hint At Repeat 400% If SEC Case Is Resolved appeared on BitcoinEthereumNews.com. Key takeaways: XRP’s 90-day moving average of whale flows turned positive in May, hinting at renewed interest and a potential breakout setup for Q4. Wallets holding over 1 million XRP hit an all-time high, while mid-tier wallet growth rose 6.2%—signaling strong long-term holder conviction. After peaking at an all-time high of $3.40 in January, XRP (XRP) has shown modest returns on investment over the past several months. Despite consistently closing every monthly candle above the $2 mark since December 2024, XRP’s Q2 trading volumes on Binance have fallen to their lowest levels since August 2020, reflecting a decline in market participation. XRP weekly chart volume data. Source: Cointelegraph/TradingView XRP whale activity hints at a breakout setup Recent data from CryptoQuant suggests that whale addresses could be positioning themselves for an imminent breakout. Notably, XRP’s 90-day moving average whale flows shifted to positive territory at the beginning of May, a reversal from the sharply negative flows observed between January and April, which marked a prolonged correction phase. XRP Whale Flow 30DMA chart. Source: CryptoQuant This renewed influx of whale capital hints at strengthening market sentiment. Additionally, a detailed examination of the chart indicates that the bullish trend in whale flows began in early August 2024, eventually correlating with a 420% breakout for XRP in Q4. The magnitude of these flows, currently surpassing last year’s levels, may drive XRP to new highs as early as Q4 2025. Wallet data highlights investor confidence Supporting the bullish onchain development, futures trader Dom noted significant activity in large XRP wallets. Specifically, wallets holding over 1 million XRP reached an all-time high of 2,850, while those with holdings exceeding 10,000 XRP increased by 6.2% year-to-date to 306,000. XRP addresses count holding 1M+ XRP. Source: X Despite several months of stagnating price action, this persistent growth in…
The post XRP Whale Flows Hint At Repeat 400% If SEC Case Is Resolved appeared on BitcoinEthereumNews.com.
Key takeaways: XRP’s 90-day moving average of whale flows turned positive in May, hinting at renewed interest and a potential breakout setup for Q4. Wallets holding over 1 million XRP hit an all-time high, while mid-tier wallet growth rose 6.2%—signaling strong long-term holder conviction. After peaking at an all-time high of $3.40 in January, XRP (XRP) has shown modest returns on investment over the past several months. Despite consistently closing every monthly candle above the $2 mark since December 2024, XRP’s Q2 trading volumes on Binance have fallen to their lowest levels since August 2020, reflecting a decline in market participation. XRP weekly chart volume data. Source: Cointelegraph/TradingView XRP whale activity hints at a breakout setup Recent data from CryptoQuant suggests that whale addresses could be positioning themselves for an imminent breakout. Notably, XRP’s 90-day moving average whale flows shifted to positive territory at the beginning of May, a reversal from the sharply negative flows observed between January and April, which marked a prolonged correction phase. XRP Whale Flow 30DMA chart. Source: CryptoQuant This renewed influx of whale capital hints at strengthening market sentiment. Additionally, a detailed examination of the chart indicates that the bullish trend in whale flows began in early August 2024, eventually correlating with a 420% breakout for XRP in Q4. The magnitude of these flows, currently surpassing last year’s levels, may drive XRP to new highs as early as Q4 2025. Wallet data highlights investor confidence Supporting the bullish onchain development, futures trader Dom noted significant activity in large XRP wallets. Specifically, wallets holding over 1 million XRP reached an all-time high of 2,850, while those with holdings exceeding 10,000 XRP increased by 6.2% year-to-date to 306,000. XRP addresses count holding 1M+ XRP. Source: X Despite several months of stagnating price action, this persistent growth in…
What's Your Reaction?
