XRP Whales Accumulating Amid Bear Market Signs

CryptoQuant's latest report suggests that the crypto bear market may be nearing its end. According to the firm, the largest cohorts of XRP are accumulating supply as prices hover around $1.00-$1.20.

Julio Moreno, head of research at CryptoQuant, stated in a report that these coin's largest cohorts are adding supply as prices sit near or below their average purchase cost. This positioning 'lowers downside pressure and is consistent with the final phase of the cycle's decline,' he wrote.

The 90-day taker cumulative volume delta for XRP has drifted to neutral, indicating a calm accumulation phase. Big, low-key buy orders paired with roughly equal levels of buying and selling pressure point to investors holding steady rather than fleeing.