XRP Whales Activate as Market Sentiment Improves
Crypto commentator Digital Asset Investor has identified a notable shift in XRP wallet activity, suggesting that large holders are accumulating the digital asset as smaller investors reduce their positions.
In his latest YouTube video titled 'XRP Whales Activated,' he pointed to the Crypto Fear and Greed Index climbing to 33, moving out of extreme fear territory.
Digital Asset Investor linked the improvement in market sentiment 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.
The commentator then focused on data from Santiment Intelligence, which showed that wallets holding between 100,000 and 1 billion XRP increased their holdings by 2.8% over the past five weeks.