Positive News for XRP Keeps Coming! “Again After Months…”
XRP, one of the largest altcoins in the cryptocurrency market, is at a critical point below $2.
While the XRP price faces a short-term downside risk, on-chain data indicates strengthening fundamental investor interest. According to the data, XRP whale wallets have increased again after four months.
At this point, on-chain analytics firm Santiment noted that the number of wallets holding at least 1 million XRP has increased again for the first time since September last year.
Despite the drop in XRP price, the increase in the number of large investor wallets and steady ETF inflows indicate that a quiet accumulation is continuing.
The good news for XRP investors doesn’t end there. At this point, the outlook for US spot XRP ETFs is progressing smoothly, with XRP ETFs recording net inflows of $91.72 million this month.
According to SoSoValue data, these funds attracted $666 million and $499 million in November and December, respectively.
Despite the downward trend and slow movement in the XRP price, the increase in the number of large investor wallets and steady ETF inflows indicate that a quiet accumulation is continuing.
XRP is still trading at $1.87 at the time of writing.
*This is not investment advice.
Continue Reading: Positive News for XRP Keeps Coming! “Again After Months…”
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