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Crypto

XRP Range-Bound Despite Whales Boosting Exposure

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XRP RPL
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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.

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