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<p dir="ltr">Many events have occurred on the cryptocurrency market amid the latest price drawdown. Whales, within the last few days, have engaged in opportunistic buying as the price of assets suffered a slight decline. Notably, <a href="https://u.today/peter-brandt-pours-cold-water-on-xrp-xlm-and-cardano-hype" rel="noopener noreferrer nofollow">XRP</a> whales made significant purchases to capitalize on the trend.</p>
<h2 id="whale-activity-signals-confidence-amid-market-decline">Whale activity signals confidence amid market decline</h2>
<p dir="ltr">Ali Martinez, an on-chain analyst on X,<a href="https://x.com/ali_charts/status/1866779623834493167" rel="noopener noreferrer nofollow">observed</a> that crypto whales bought more than 100 million XRP amid price fluctuations. These whales took advantage of <a href="https://u.today/xrp-price-plunges-below-2-but-this-top-trader-remains-bullish" rel="noopener noreferrer nofollow">XRP dropping below the $2</a> support level to snap up the token.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">In the recent dip, whales bought over 100 million <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>! <a href="https://t.co/xU2YscIkvj" rel="noopener noreferrer nofollow">pic.twitter.com/xU2YscIkvj</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1866779623834493167?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 11, 2024</a>
</blockquote>
<p dir="ltr">The recent dip spread across other assets, including Bitcoin and Ethereum. The whales might have viewed this as a rare discount to go long. This is likely because there are signals of a potential surge in the price of XRP in the coming days.</p>
<p dir="ltr">Despite intense volatility, the volume of XRP purchased indicates strong interest and confidence by these whale investors.</p>
<p dir="ltr">This whale action is capable of triggering a price surge. Their interest in accumulating such a significant amount of XRP could spur other investors to consider buying XRP. Generally, some investors gauge whale action and market dynamics before committing funds to an asset.</p>
<h2 id="xrp-rebound-and-market-sentiment">XRP rebound and market sentiment</h2>
<p dir="ltr">As of this writing, the XRP price has rebounded and is <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">exchanging</a> for $2.37, a 5.89% increase in the last 24 hours. Market volume has grown by 13.14% to $24.06 billion, indicating growing confidence by investors in the XRP market.</p>
<p dir="ltr">This price performance directly answers the challenge by critics like Atomic Wallet, who regularly make sarcastic comments about XRP. In a recent post, Atomic Wallet stated it would delete its X account if XRP surges past the $3 level.</p>
<p dir="ltr">Analysts believe the price rebound might have to do with the <a href="https://u.today/breaking-ripples-stablecoin-gets-regulatory-approval" rel="noopener noreferrer nofollow">regulatory green light</a> received by Ripple to launch its stablecoin, RLUSD. Whatever it is, XRP investors are on the lookout for the impending rally.</p> <a href="https://u.today/crypto-whales-took-100-million-chance-on-xrp" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Crypto Whales Took 100 Million Chance on XRP

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