Giant Whales’ New Ripple Strategy Has Been Released! Here are the Crazy Levels XRP Will See
Famous blockchain company Ripple has released critical data on XRP. New data show that whales bought popular cryptocurrencies. In the past, XRP came out of a downtrend with an explosive move. While too many whales are in the accumulation phase in XRP, can the price explode again?
Ripple: Giant whales buy fast-selling XRPs
Ripple reveals details of data on public wallets. XRP is Ripple’s own cryptocurrency. The beauty of distributed ledger technology in Blokchain is its transparency. Anyone can access this information at any time, using various explorer tools. Current Blockchain data shows the number of transactions, when and in what amount. It also contains detailed information about how much crypto is stored in the wallet and the wallet address.
This publicly available information can be useful in basic analysis of cryptocurrencies. Understanding the flow of a wallet, exit data, or the size of a wallet can sometimes indicate the direction of market movement. In XRP, all this detailed information is displayed on the Ripple network. According to popular analyst Tony Spilotro, the inconsistency in the wallets of XRP whales and the cryptocurrencies in the hands of small fish can give clues about the direction of the next price action.
According to Tony Spilotro, XRP can target $ 14
Currently, XRP whales accumulate and absorb all sales in the sea of small fish. According to blockchain data, wallets with 175 to 775 thousand XRP balance accumulate at full speed. By the way, small wallets containing 3 to 15 thousand XRP are sold or still held. The first cluster represents 0.1 to 0.5 percent of investors. The second group represents 4 to 10 percent of investors. The second group is much larger in size, but data shows that whales absorb all of them.
The whales got this name because of their large size and their ability to make a big leap in the markets. They can also attract more market pressure than most participants. If the XRP whales continue to accumulate, the price could rise rapidly, according to Tony Spilotro. In the past, Ripple has grown rapidly after an approved break of the downtrend resistance. If this happens again, the price could target $ 14 per token, according to Tony Spilotro.