XRP Whales Accumulate as Market Sentiment Improves
Crypto commentator Digital Asset Investor has highlighted a significant shift in XRP wallet activity. He pointed to data from Santiment Intelligence showing that wallets holding between 100,000 and 100 million XRP increased their holdings by 2.8% over the past five weeks. During the same period, smaller wallets reduced their XRP balances by 5.2%. Digital Asset Investor suggested this contrast reflects a familiar market pattern in which larger investors continue accumulating while retail participants sell.
This pattern is mirrored in his own investment approach, according to Digital Asset Investor. He also pointed out that the Crypto Fear and Greed Index has climbed to 33, moving out of extreme fear territory. This improvement in market sentiment may be linked to reports that former U.S. President Donald Trump was willing to accept changes sought by Democrats on the ethics provisions of the CLARITY Act.
XRP's market narrative has continued to strengthen through several developments, including expanding institutional access through XRP exchange-traded fund products and the conclusion of Ripple's long-running legal battle with the U.S. Securities and Exchange Commission. Additionally, reports indicate that Franklin Templeton clients purchased $5.66 million worth of XRP.