XRP Whale Activity Indicator Turns Bullish Amid Market Recovery
- CryptoQuant’s XRP Whale Flow 30-DMA metric has turned positive after over three months, indicating renewed whale buying interest.
- XRP price has remained range-bound between $1.34 and $1.44 for more than a month amid sustained whale distribution.
- Spot XRP ETFs recorded net inflows of $1.12 million on Tuesday, highlighting significant buying among TradFi institutions and traders.
- XRP trading volume increased by 15% in the last 24 hours, reflecting rising interest among traders.
- XRP is currently trading at $1.44 with a recent low of $1.39 and high of $1.47.
The positive shift in the XRP Whale Flow metric suggests potential for upward price movement as whales begin to accumulate again after a period of selling pressure.
With XRP trading at $1.44 and experiencing increased trading volume, the market is closely monitoring for a potential breakout above key resistance levels.(Source)
