Ripple Bulls Prepare for Market Volatility

The cryptocurrency market has seen a shift in sentiment, according to KuCoin. In recent times, 'patience is replacing simple price-related hype,' as investors focus on long-term prospects rather than short-term gains.

Ripple (XRP) has taken a hit, with its value dropping by 30% since mid-May. However, despite this decline in market capitalization, wallets holding over 1 million XRP are increasing in number.

Santiment's data suggests that strong hands - likely institutional investors and experienced traders - are absorbing the panic selling, thus stabilizing the market.