XRP Shows Resilience Amid Market Decline with Notable Volume Activity
- Large XRP holders accumulated a total of 71 million XRP over a seven-day period, despite a nearly 5% price decline.
- The number of payments on the XRP Ledger increased to over 1.22 million by May 22, up from below one million earlier in the week.
- XRP payment volume surged from approximately 200 million XRP to over 400 million XRP between May 16 and May 18.
- ETF products linked to XRP saw more than $65 million in inflows last week, with an additional $22.04 million recorded this week.
The accumulation by large holders and increased activity on the XRP Ledger indicate underlying strength despite market pressures. ETF inflows further suggest structured investment interest in XRP, even as prices remain subdued.
These developments underscore a divergence between market sentiment and actual trading behavior, with significant volumes moving through both individual transactions and institutional channels via ETFs. (Source)
