XRP Range-Bound Despite Whales Boosting Exposure
Ripple's XRP token has been stuck in a bearish trend for two days straight, trading around $1.07 as of Tuesday.
Despite this downturn, large volume holders on the XRP Ledger (XRPL) are showing increased interest in the token.
The number of wallets holding between 100 million and 1 billion XRP has surged to account for 11.98% of the total supply, up from 10.66% last Saturday.
This growth in whale exposure could potentially lead to higher demand absorbing selling pressure and allowing for a sustained recovery.